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I have been looking at the SAAB 900S 16 valve. Has something like 150HP with a 5 speed manual....oh yes. And I lvoe the Aerodynamic design in the loads of room.
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The 16-valve '90 900S that my friend drives is a pretty good car, except for a few electrical quirks (and who knows how long his manual tranny will last). BTW, they all have 130 hp (except for the 1993 model, which has 140 horsepower).
BUT:
It's slower than the '92 Legacy L automatic AWD wagon that my friend has; the Subaru has the same number of HP (130) but has a larger displacement with 2.2 liters, and has a broader torque curve. Plus, the Subaru boxer is less thrashy than the Saab at high RPMS and will spin up to 6,500 rpms (whereas the Saab redlines at 5,500 rpms). This Subaru has had no mechanical or electrical problems with over 160K on it (purchased by this friend at 120K; and he maintains it well).
I'd advise you to drive a nice Legacy AWD before you make a purchase decision on the Saab. You might be pleasantly surprised at the difference between the two cars.
-Sam