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Tranny Issues V70 2001

Just received a "panic" email from my sister who has a 2001 V70 (75K) re: transmission issues. She didn`t describe the problems but her indie shop has told her that tranny repairs will have to be done at the dealer. The dealer has quoted her $4800 to replace tranny software. She is, of course, reluctant to spend that kind of money but loves the car & bought it new.
Also she said the ABS light came on at the same time as the Transmission Service Required light came on.
Is the transmission "toast"??
Thanks for comments!
Rich






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