Faults:

Leaky rear washer gasket fixed under guarantee

Outside temp gauge seems to be dodgy - will get it fixed at next service.

General Comments:

Just as comfortableas the V40 was (ultra comforatble)

The SatNav works amazingly (listing phone numbers of each of the POI in the database)

Seriously loud and great sounding ICE

Heated seats get to temp within a min

The noise from the 5 cylinder engine is superb

Handling is a big improvement over the V40.

However, drinks a lot of fuel (but then you know that before you buy a T5)

Over all I really love this car from a drivers stand point.

My wife on the other hand can't see the difference between this and the 2.0T V40 we had before as far as comfort etc goes.

Unless you really want the performance edge over the V40 you have to ask if it's worth spending almost double the cash needed to by a V40 T4 / 2.0T that's only a year or two older.