Volvo V50 Vs. BMW 3 series wagon

What do you see as the differences. I"m wanting to buy a new wagon for 2008. I currently have a BMW 5 series sport wagon, but want to downsize and save on gas miledge also. Any thoughts from anyone who as test drove or researched both the new 2008's? or 2007's? -- but mostly interested in 2008's.
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Comments
Why do you say RWD.
Is the Volvo a FWD?
What would be the difference in the drive?
Also - i'm having a heck of a time getting BMW to test drive.
All the sales people walk right by and are too busy and keep saying I need an appt
I used to own a 330 and now have a Volvo. It was my experience that BMW sales people can be a bit arrogant until they find out you are serious about buying. But they are not half as bad as Mercedes dealers. Volvo sales is a lot more eager. Service wise, I had better experience with my BMW dealer than Volvo. Volvo service people just seem incompetent in diagnosing problems. Keep in mind BMW comes with 4 years of free service. Service on a Volvo is not cheap if you go to the dealer.
Just speculating on gas mileage, the V50 T5 FWD will probably get about the same mileage as a 328i wagon.