Thanks for all of the info guys. I will keep you posted as to the findings!

Dan

Lee, thank you for the response. The sound I hear is not a metal on metal sound. It sounds like to gears that aren't fully meshing together. The pads are around 80% and the rotars look good too. The ABS light does not light up at all. There is a "brake" light in the instrument cluster that...

I recently purchased a 1998 S70. Has just over 150K and has been well cared for. Earlier today and on 2 previous ocassions, when I hit the brakes, it sounds like 2 sets of gears grinding together and I can even feel it in the brake pedal itself. If I take my foot of the pedal and push again and they...