Yes, they do exist! Volvo finally has a picture of their Bi-Xenon headlights at the International website. But I wonder when we will get them in the U.S.

-Drewquote:
The Bi-Xenon headlamps provide you with an even better low and high beam in all conditions. They illuminate the road ahead evenly and effectively without dazzling oncoming traffic. The low beam is adjusted automatically in order to provide the best possible light pattern when the car is heavily laden. Option which can only be ordered at the same time as the car.