I have been supremely happy with my NA 2003 S60 for 4 years. I have a stick, however, and that seems to make it "feel" like it has way more power than an automatic.

My previous car was a Honda product that was basically trouble-free, so I was expecting the worst from a Volvo. Instead, it has been reliable like a Honda, with the addition of the solid durability of a Volvo.

Like Klaus C says, avoid the earlier years. If you troll through the posts on Brickboard, you'll find that most of the "issues" are with 2001 and 2002 cars. There were some changes for 03 and some more for later years. Basically, the newer the better.

Home run, indeed.