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Yep, thats the problem.
I also have 1998 S70 with 55k miles and had the same issue.
You should expect to have the following problems too (Wich I did have)
Door panel bubbles.
Steering wheel SRS Airbag contact module failure.
Plastic trim cracks between dash and windshield.
Dashboard getting loose and noisy. (Broken plastic clips)
A/C evaporator fail.
Window switch master module fail.
Exhaust damper fail.
Warped brake rotors again and again.
Transmission valves clogged.
Premature aging of leather interior.
And an awful resale value...
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