I'd stay away from the early AWDs (the v70 started in 98, and the first generation went until 01) but otherwise they should be fine. Volvo has been making the 2.3 and 2.4L turbo for a long long time. Ive done all my own work on the car and it's been fine.

And yeah some parts will be expensive, I spent $150 on front rotors recently direct from volvo, but the nice parts are that the new rotors come with brand new caliper mounting bolts already pre-anti-siezed, and you get new rotor pins and everything else.

They are a good solid car \:\)
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Ay yo girl, when you gonna let me tap that?