Hard to know really!
My S70 was like that when bought, and was no different 8 months and 18,000 miles later.
My C70 was making similar noises when I bought it, and the pump packed in the following day, but it had been out of use for a year or so.
The pump isn't a particularly difficult job to do, the time consuming bit is making up a little 'key' to slacken off the alternator belt tensioner. I got a pump for good money from Ripsta33, and there are plenty of breaker 850/x70s on here too...
The S70 which soldiered on felt like it had 'tight' spots in the steering, whereas the C70 was more a vibration through the wheel when steering at parking speeds, not sure if that's significant or not!
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2008 XC70 SE Lux D5 - 1966 Amazon - 1979 C202 Laplander
Past: 1997 S70 TDi, 1997 C70 T5 GT, 2003 V70 Bi-Fuel, 2000 Ph2 V70 2.5D, 1997 V70R Auto FWD, 1998 V70R Manual AWD, 2004 XC90 D5 G/T, 2005 S60 D5
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