I'm going to be writing a letter to Volvo of North America about my experience. Like you mentioned, my paint is fading horribly, and the car is garaged both at work and at home. And, yes, the rear brakes do get replaced every 15k miles, and you do have to remove the axle nut (go ahead and buy a 30 mm socket) to get the rotors off. It's a huge pain.
I know of somebody who wrote to Volvo of NA and received a replacement Volvo, but I'm not sure how old/how many miles they had on their car. I've got a 2000 and it's got 63k miles on it now. In addition to my original post, I've also had the turbo oil lines replaced and a few other things. The car is crap; I have less problems with my 210k mile Mazda. And I got that car for free.
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