I like it. If I were Volvo I would hope and pray no one does a v50 Jetta Wagon comparison test. Same inline 5 style engine with comperable power. Jetta may have a slight edge in intior space and looks to be finsihed just as well inside. VW can have the same or more saftey features (I don't rember side rear curatins on my V50 and Stability control only came in an outragously expensive package) and the VW is in the range of 10k less expensive once you add any of the silly crazy expensive Volvo option packages.
Me, I'd be waiting to see a 2.0T powered GTI/GLI Wagin for around 35-36K now that would be perfect.