Quick update on this car - short story is the car was simply too nice to part out... Initially was PO'd that the seller neglected to tell me about damage to the passenger fender and the hood - both parts I specifically asked to make sure was damage free. Didn't really have a choice as it was my ride home, so sucked it up as a lesson learned. I did get some 16" Perfos with it for an additional $200 so that made it a little better. The drive home however changed that sinking feeling - the car was fantastic. Great fuel economy (8.5L/100km calculated ~120 kph), and it was really solid. Went over it and fixed a bunch of things quickly when crawling around the car in a proper garage - the previous owners really maintained it well. (I suspect the seller bought it and was over his head with the needed repairs and sold it quick.)
Put it through the out of Province inspection, and it basically just needed brakes, and a few minor fix it items like the tailgate latch assembly and the ABS module. Ordered up all the bits for a complete tune up (stage 0), new rotors,pads, parking shoes, new latch assembly, and new LCAs from FCP... All the parts are the "good parts", as I suspect I'll be keeping the car as my winter car. Swapped on some studded WinterContact2 tires before the permit ran out and the car is pretty darn good in snow and ice. Should have the car fixed and plated by months end.
Plan is to use it as the family car while I fix the V70R at my leisure instead of rushing a fix while trying to manage using only one car. R is also getting the 19T rebuilt with a billet compressor wheel, R-manifold, Snabb fresh air pipe and TCV, and a custom ARD "ECO" Blue tune while it's down for body repairs as well.

It was a tough decision to stick with the old car and fix it up rather than buy something newer (and less work), but so far I'm very happy with the decision. Insurance payout should pretty much cover costs for both cars, and I get to improve the R with some nice modifications that should really modern up the power delivery and hopefully increase highway economy.
Rabin