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I'd also say that's about middle age.
One of the biggest problems with older 850/x70s is the auto trans has not had fluid maintenance - but yours has a manual which is generally thought to be tough as nails.
I'm pretty sure the non-T5 manuals were all Naturally Aspirated, so you should get pretty good gas mileage too.
The modern modular 'whiteblock' engines have shown themselves to be as durable and long-lived as the red blocks and maybe more so depending on which years you compare to. They're much more complicated and harder to work on (have a look around the internet for walkthroughs on the head gasket job) but they are well designed and well built from materials on up to assembly. They were designed in cooperation with Porsche and the design is sort of a blend of the benefits of the red block and Porsche's famous straight six to make something nearly as good as the Porsche engine (IMHO) but with much lower cost.
The 850/x70 chassis/body will outlast any 240. The suspension is likely as tough though one thing that's a bit tough to swallow is the integrated ball joints which can't be changed independently from the lower control arm - it's all one unit. Great for packaging, not so great for your wallet if you drive on crappy roads like I do.
It's a much more refined car in nearly every way, but also much more complicated. It's essentially the same technology though, just pushed ahead 30 years with all the benefits of new materials and processes.
Sounds like you found yourself a winner so enjoy!
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1998 V70 AWD->FWD->AWD Turbo 220k+
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