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Depends who you ask. 
I'll give you my opinion. Everyone here will have a different perspective.
9-5 is the superior highway cruiser. Comfortable seats, even with the base ones. Good power. 2.3 I4 is actually a Saab engine. Feels better made than the 9-3. Dang good passing power in the 30-70 MPH range. Quite reliable after 2004 (when they fixed the PCV system and reduced the sludge problem). Predictable quirks once you get to know the car.
9-3 probably has the edge in off-the-line speed and handling, simply because it's smaller. Uses GM engines (both the 2.0 I4 and the 2.8 V6 are GM-sourced motors). You can get a 9-3 with AWD; it's not an option on the 1st gen 9-5. I've heard mixed reviews about the 9-3's reliability, but that's 3rd-hand info.
Overall, I think the 9-5 is a better car. But I appreciate the room (I'm tall and have kids), mileage, and interior space. It really comes down to your individual preferences.
Good luck, whatever you choose!
I'll give you my opinion. Everyone here will have a different perspective.
9-5 is the superior highway cruiser. Comfortable seats, even with the base ones. Good power. 2.3 I4 is actually a Saab engine. Feels better made than the 9-3. Dang good passing power in the 30-70 MPH range. Quite reliable after 2004 (when they fixed the PCV system and reduced the sludge problem). Predictable quirks once you get to know the car.
9-3 probably has the edge in off-the-line speed and handling, simply because it's smaller. Uses GM engines (both the 2.0 I4 and the 2.8 V6 are GM-sourced motors). You can get a 9-3 with AWD; it's not an option on the 1st gen 9-5. I've heard mixed reviews about the 9-3's reliability, but that's 3rd-hand info.
Overall, I think the 9-5 is a better car. But I appreciate the room (I'm tall and have kids), mileage, and interior space. It really comes down to your individual preferences.
Good luck, whatever you choose!