Hi. I've only been driving my S60 about five weeks, so it's not like I have a whole lot of sample points, but I did hear a squeal once about two weeks ago. It only occurred on my first brake application, after backing out of the driveway. I've never heard it again.
Mine's an automatic, 2.4 non-turbo base engine. I don't know if yours and mine have the same brake pads, but I chalked mine up to 'morning sickness / brake sqeal', and didn't worry about it. If I'm not mistaken, some brake pads do that -- it's just a function of the pad's composition and construction/shape, and how long it sat since you last drove it. I think humidity also plays a part (in the oxidation on your rotors, which is the cause for the noise when your pad contacts your rotor).
Sorry, I know this doesn't help you one iota from a "functional" standpoint, because you obviously want the noise to go away. I'm just trying to say that while it is an annoyance, I bet it's probably not a safety issue.
I didn't worry about mine because I have two relatives who drive/drove other cars with this "morning sickness" condition, so I know it's not unheard of. I know that some '95/'96 Altimas and '98 Rangers had this.
I think you did the right thing by bringing it up with your dealer, for what it's worth. Hopefully somebody with a little more knowledge on this topic will weigh in with their opinion... Until then, good luck.