My understanding is that the 1998's are the best older V70's. Basically an updated 850. 1999's and 2000's are good cars as long as the ETM has been fixed and you stay away from the 5 speed automatics in the 2000 models. Only buy the older 4 speed auto (turbos only) or a 5 speed manual in that model year. In fact, the 5 speed manual is the best tranny to buy in any Volvo. Shifts a little like a Swedish tractor (but not as bad as a 240), but is utterly bulletproof. I've never heard of one going bad.
As mentioned, the 2003 and up FWD's are good cars. The 2004 and up AWD's are also a good choice. My sister bought a 2006 V70XC new and they have had great luck with it. It even survived being rear-ended by a Lincoln Navigator. The Navigator was totalled!
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95 855 GLT Sportwagon 222k, 90 244 DL 300k+ - after 11 years has a new home
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