Well, for what it's worth, I tow a 3000lb boat/trailer combination and the XC90 handles it fine. Not as good as my durango that I had before. But then again, the XC90 is better than the durango for essentially everything else.I 'feel' the boat more with the XC than with the durango. Also, the XC hitch point is lower and I'm going to need to flip the ball around to hopefully get tonque a bit higher.
I personally am skepitical of volvo tow ratings. The 2.5t is rated for 5000lbs I believe and more than one review (myself included) has felt that that model barely has enough power to get out of it's own way let alone with another 5000lbs hitched to the back. Of course, for the most part, my understanding is that tow ratings are not tied to the engine but instead to the vehicles structure and suspension.
The durango had an overdrive lockout for the transmission, extra heavy duty coolors, etc. I don't know exactly what the XC90 has for handling towing heavy duty loads. Does the XC90 transmission have an overdrive? If so, does the computer detect a trailer plug and automatically lock out overdrive? I've read stories of transmissions getting blown towing heavy loads at highway speeds when overdrive was not locked out. Is the XC immune to this?
Also, what types of brakes does your trailer have? My trailer has disc brakes and the volvo factory wiring harness didn't even come wired the proper way to handle them. Your location sounds european, so you'll most likely be getting a different setup. If you do get the XC, make sure to check that after the install your trailer hitch plug is fully setup to handle your brakes, both activating them, and allowing you to back up.
Our V70 is rated for 3000lbs. I tried to pull our boat out of the water one day. It did, barely. The back end was hanging low. Chains were dragging. I 'felt' like I probably would have destroyed the engine/transmission on the first trip.
Also, the XC90s tow rating goes down as you load the vehicle. With 6 adults in the XC, the XC is no longer rated to even tow my 3000lbs! If I remember correctly, the rating dropped to around 2000lbs. If the XC can truly tow 5000lbs, I'm going to bet it's a 'barely', you've got to be by yourself, and that volvo is really just wanting to publish a high number to make it look competitive compared against other vehicles.
Somebody else posted another article about how seriously volvo takes towing. http://forums.swedespeed.com/zerothread?id=55197 It's an interesting read.
pat