Excellent choice! you will love it.
From what I hear, Volvo is still doing things right. Aside from the 1800 (which I like the looks of but do not really enjoy driving), they wisely worked hard within the confines of "boring" to produce some excellent daily drivers, and just about perfected the concept. And yes, they're a little sportier now, but the old philosophy seems to still be there.
My dad was a Volvo salesman for many years, and my childhood was filled with family outings in Volvo showroom demos: the 544, the 122, the 164 the 1800, all the 200-series sedans... he also drove and sold Renaults, Audis, Saabs, and Subarus, but the Volvos were his faves.
I've owned a 1971 164 and a 1986 242; both well-aged when I got them, but until they died (mostly due to neglect before and after I got them... and poverty) they served me very well. Great cars for winter or any extreme weather; nice ergonomics, quality materials and good fit'n'finish. Say what you want about those old boxes, but that 164's tractor engine
always started easily, the worn-out leather seats still felt great to sit in, and that thing was unstoppable in snow! I drove it home once in a blizzard through 2-foot drifts, passing spun-out SUVs and Jeeps the whole way. I miss that old gal, leaky Strombergs and all.

If I had the ducats and didn't live in Crack Zombie Central, I'd probably be driving a new Volvo now.