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Two totally different cars. I just sold my "chipped" (GIAC) w/exhaust (BORLA) 2000 S4 for the S60. While I do miss the performance (I have a base S60) I don't miss the S4. Too much trouble for a stock HP rating of 250hp and if you mod (like I did) you're almost too nervous too enjoy the extra hp because you're worried something is going to break.

The A4/S4 body has been around now for 5+ years...the new body will be out shortly. And while the current A4/S4 body is still gorgeous you won't be able to get around the fact that very soon you'll be the "old-kid-on-the-block" Granted the new S4 won't be out for a few years but it's still going to date the body. If you're only buying for performance…then you don't care. But then you need to examine my original two points.

The Volvo is new…solid and very fast, and for me the right choice (after owning 6 Audi's). I will buy the next S4 when it comes out (if I don't buy the S60R) but the current generation S4 just wasn't the right car for me.
Just my $.02 you can't go wrong with either car.
 
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