This is my first volvo. We purchased in PA and live in MN, so we had a great introduction to its quality on the ride home. Mechanically - this car is a very solid purchase. It performs extremely well, the suspension is very fun, and the brakes are great. You can really tell that it is very high quality car. It's not without the quirks you usually find in European cars and it is more expensive to maintain. Service lights come on fairly often, but you soon learn that life has not stopped if check engine comes on. It's just how the car works. It eventually goes off (and there's plenty of info online from other volvo owners).
The car is quick for its weight (it's a volvo and it's safe, so it's also heavy). The brakes / suspension /interior comfort are from another world if you're used to US/Japanesse cars. It's just a different style of building a car. AWD is very nice in MN.
Quirky electronics / computer system could be improved. Cost of maintenance is higher than domestic cars.