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My '04 V70 T5M got about 26.5 mpg in mixed driving (short local commutes with intermittent road trips) in the summer/fall, but since winter hit with seriously sub-zero temps, the average mpg has fallen to 24.5. Note that I have been doing much less highway driving, so it skews the data a little bit.
All in all, I've been happy with the mileage, since it achieves well past 30 mpg on the highway.
No races against 5-series bimmers yet, so I can't report there. I kill the local teens' tricked-out rides, though, forcing them to accept that they were dusted by some dude in a "mom car."
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