It looks like Saab's updating their aging 9-5, at least on the surface. The face-lift is a mid-life refresh before the 9-5's replacement is introduced around 2009/2010. The next generation 9-3 and 9-5 are slated to share the same Epsilon II platform developed by GM. The updated 9-5 will feature new grille, headlights, taillights, bumpers, and a redesigned interior.
With the newer 9-3, the value of the 9-5 is questionable. Even with the GM Employee Discount, there are still better cars for the money. Saab would be a nice competitor to Acura, but only if they can get their lineup equipped nicely with competitive pricing. Sure their top of the line 9-5 has 250 hp, but it is from a turbo four.