I used to have 850 T5-R and a S60R. They were fun cars and quasi-performance cars. But I think Volvo is pretty much history now, at least in the US/Canada. I doubt they'll do well in sales (too many other good cars to choose from and their safety marketing is no longer exclusive.) They did poorly the last two years and I don't think this S60 reincarnation will make much of a difference.
Zhejiang Geely (the new Chinese owner) will probably just end up focusing on Asia, India and Russia as their primary market. They've already opened up Volvo factories in China for the domestic market and the head of Geely wants to see a 7-series/S-Class sized Volvo built for that market.