Well... it seems that volvo has decided to show some realistic modification to the world at this year SEMA auto show. Here are some pictures of the modified Volvo V70R: (all pictures taken from
www.swedespeed.com )
INTERIOR:

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Well.. it kinda looks like the PCC2 concept.. but this car is a real V70R. Here's what
Swedespeed had to say about the car:
"The first car, a V70R painted in Doolan's favorite, Laser Blue, was a showcase for Volvo partsbin and not-so-partsbin pieces. Its body kit, using front chin spoiler and sideskirts from the S60R Sport in Europe also featured a prototype rear piece to make it work with the V70's longer tail. While the V70 kit is still a prototype, we hear the S60 version will be available through North American dealers very shortly.
The blue wagon, bearing more than a passing resemblance to the PCC2 concept car, also featured wheels, hubs and brakes sourced from the S60-challenge series and rear-seat entertainment similar to the system first seen in the S80 75th Anniversary Edition."