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There are a rath of problems with the new V70 beyond the transmission. Read the recent posts on the tranni problems and there are suspension issues also. The sway bar down links are weak and wear excessively. I have had two sets replaced prior to my 50,000 mile check. Tire noise is excessive for a $35K car. Dealer support from Volvo is crap. Volvo customer service is double crap. I would sell mine if I could but the resale is also c...! I have a 2001 2.4T that I can't even get $20K for.
2001 2.4T
1988 325iX 176,000 miles
1999 540i sport
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