This is the best Volvo I've ever owned (240, 850, V70, XC90). It is extremely quick, holds a corner very well, very small turning radius and great fun to drive. I drove every car in this class and this is the best deal for the money. The new '06 Lexus IS feels like you are driving a casket, no sound, no feedback, no feel, won't see the accident coming. The BMW 3 is very nice but much more expensive when equipped the same and has such a vain "look at me, poser" quality not shared by Volvo. Acura suspensions rattle your jaw and bones when rolling over a pebble. This one wins by far just for the feel of driving it.
Steering & speed. Also looks great. Turbo kicks in at about 1,500 RPM and pins you to the seat until you let up on the gas.
Brake is too close to the gas pedal for a man's foot. Also, the ride is a little stiff with the sport package but handling is great.