There have been a couple recent threads here that cover the 1995-00 r's pretty well and I would avoid the AWDs of this era as well. I agree the 95-00 R's are not worth the premium over both the low and high pressure turbos available (sometimes much) cheaper. I have a 1995 t5r wagon (FWD) that have been very reliable and is holding up very very well at 160k. Toyota's have much lower maintenance requirements for sure, but Volvo is second only to Mercedes in miles driven before death. The 95 volvo 850 wagon holds just about the same amount of crap as a 1995 ford explorer and obviously leaves it for dead covering ground.
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1995 850 wagon
Cargo capacity: rear seat up; to lower window (liters): 1,051, rear seat down (liters): 1,897, all seats in place (liters): 1,051 and all seats removed (liters): 1,897
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-1995 ford explorer
Cargo capacity: all seats in place (liters): 1,206
I am going to get a 2004-2007 v70r when I retire the t5r. Different breast entirely than the 95-00 r's and they are dropping to 15k or so. 04-05 5 speed autos are nowhere as good as the 06-07 6 speed auto boxes. all the04-07 6 speed manuals are solid. The haldex AWD system is much better than the early volvo AWD cluge but is still a heavy FWD biases set up.. The turning radius as noted is abysmal, the shocks are really expensive electronically controlled units that like to quit, the clutches are short lived in the manuals, the angle gears break too often in all of them and are $$. some people have bought cars with expensive and persistent electrical gremlins the 5 bangers are solid and the rest of the car holds up very well. it is the last all Swedish hot rod wagon before ford took over. IPD offers parts to get a better handling car that makes 350 hp 350 ftlbs with bolts ons without creating reliability issues. I think they are the zenith of a do everything car, 5.5 second 0-60, low 13's in the 1/4, handle way better than an explorer, seat 5 adults and piles of luggage, tow a drift boat, roof racks will take 250 lbs, and the car returns 20 city and 25 hwy, the seats are superb, and the interior is non fussy and elegant. I convince myself every-time I think about it.
http://www.v70r.com/forums/index.php?s=a7dd955585176efa2e7f3843664ecd64&
http://www.ipdusa.com/Volvo-V70XC70-2001-2007/c-1-127/