Overall this is a terrific car. Having had only Volvo wagons since 1980, I have to say that this 2011 seems more solid and heavy (in a good way) than any of my previous models or later models I have driven as loaners. Generally reliability has been very good--with three exceptions: At 85,000 miles, the engine started to use a lot of oil. Volvo examined it and replaced the entire engine. They told me that it was a bad batch of piston rings that was responsible, so this wasn't really a "bad" feature of the car. Volvo has never been able to properly balance the wheels, so I have learned to live with a very slight steering wheel vibration at around 60 mph. They said the rims were distorted and sent them for repair; but that didn't help. Tire Rack replaced all 4 tires TWICE, with no improvement. The design of the rims is such that mud stays put and makes the balance problem markedly worse. I have never been totally happy with the brakes. They are very good at stopping the car fast, but when applied with "medium", like approaching a ramp off a highway, they pulsate. I've had the rotors replaced free twice, but to no advantage; so I've learned to live with it. There is a really stupid feature of the software: when the fog lights are on, they go out when high beams are selected, but don't come back on when you return to low beams. Interestingly, the second identical model I just purchased doesn't do this! Finally, I am singularly unimpressed with the headlights, specially the high beams. I've replaced the low-beam bulbs with high intensity "silver tip" bulbs, but see hardly any difference. There are no high intensity replacements for the high-beam bulbs, so when I drive at night, I envy the bright headlights of much cheaper cars.
2nd Review 9/1/16: After having now owned my 2nd 2011 XC70 T6 for about 6 months, I can add a little to this review. The 2nd XC70 seems just as well built as my first one. I do, however, miss the folding rear-view mirrors and the front seats don'r seem to be quite as comfortable; but since the car has less than 30,000 miles, it could just be a break-in phenomenon. The headlights are markedly superior to those on the first car (see above review), even with standard bulbs, and there are no problems with wheel balance or braking (see above review). The silly fog-light phenomenon I described for the first car is also absent. In summary, the 2nd car is just as good as the first, and just as robust and "heavy" in a good way. I'd like to replace the first car with another 2011 (it has 130,000 miles); but I don't think I could find a low-mileage 2011 again.
Since the first review (see above), the first car has had the following major repairs (all covered by an extended warranty policy): New A/C compressor, new motor for driver's side mirror (motor failed).
A fine car. Comfy, functional, powerful, attractive, high quality, safe, and nearly a bargain compared with other "wagons". It replaced my wife's 1996 850 wagon- which I never liked-- and we bought it with European delivery for about $40k (with climate, convenience, incl taxes and license). We put about 3k mi on it in Europe and averaged, according to the display, 24.4 mi/gal. (But $140 fill ups are very painful). The mpg was a pleasant surprise considering the EPA rating (22 mpg hwy) and some of the reviews. Effortless cruising at 200 kph on the Autobahn. Overall, almost as impressive as my BMW 335i E92 but they're much different beasts.
Volvo has read my mind- all my "issues" with my 2008 standard XC70 have been completely corrected in the 2011 T6 model. It is absolutely worth the extra $ for the turbo version. I traded in my 2008 and a 2008 BMW M3 on this Volvo and I don't miss the BMW at all because the new Volvo is so much fun to drive. The best of both worlds. Way to go, Volvo!
The turbo is quiet, smooth, and gives the big car the perfect amount of get up and go.
Volvo has improved their Tiptronic and it is now quick and responsive.
The coolest thing is that when you flip over into Tiptronic, the engine actually puts out a little bit more power, which is perfect.
The BLIS system's quirks have been resolved and I haven't had it malfunction in low light or rain as it did in my 2008.
The brakes are finally big enough for the vehicle and they switched back to traditional suspension, which is still very comfortable but can be customized if one would like a stiffer ride.
Overall, I absolutely love it.
Nothing major at all.
However, more power ports up front would be nice.
I have the technology package with the feature that warns of impending collision and with lane departure warnings.
Sometimes the glare of the collission warning light module is at a less than ideal place on the windshield, but I am not sure how else they would place the warning lights where they need to be.
I'm getting better mileage in the Turbo than I ever did in my standard 2008 model (a small improvement), but I'm surprised they couldn't squeeze out a few more MPG with current technology.
20 MPG in mixed highway/back road driving seems a little unimpressive, but then it is a big car with AWD... so ??