No, Volvo is still making the R. There was one on display at the L.A. Auto Show last month. It's kind of a tweener car size-wise - it's bigger than an E46 and smaller than an E39. It's actually a pretty well equipped car and has plenty of goodies including Brembo brakes. But it lacks refinement, the motor sounds like a vacuum cleaner when pushed, and the resale value is poor. It fared poorly in all the car mag comparos when compared to 330i's, G35's, CTS, etc. There are plenty of aftermarket parts (Evolve and IPD). If I were to buy a Volvo (if someone had a gun to my head), I'd consider the new S40 hardtop/convertible before anything else.