Here in Norway the biggest subset of the "åsatro", "Odinism", is synonymous with neo-nazism and racism, and to a lesser extent black metal. Varg Veum (musician, murderer, and church burner extraordinaire) and Vigrid (Norway's most rabid neo-nazi organization) both confess to Odinism from what I can tell.
There is also a non-racist, peaceful (but smaller) subset of the resurrected Old Ways, with close ties to the ecological movement and Wiccan Paganism.
.... how exactly is the Old Faith practiced in the US?