With an Auto and 227bhp it's just not as fast as a MT MS3; though it is nice that they will be offering this fully tuned out track version to the public soon. Volvo is also working with Polestar to offer custom tunes and bolt-on upgrades for US dealers this summer. Here's their +400hp C30 AWD:
http://www.topgear.com/uk/volvo/c30/road-test/polestar-concept (Keep in mind that this will never be produced for regular production, but still nontheless a sick hatch)
And here's a good TopGear Episode with the Cosworth STi, Focus RS500, & C30 Polestar