The TT Soarer is 285 bhp, they are very quick as standard but many owners tune them to a little over 300 relatively cheaply and some convert to a big single turbo in search of 400+. For owners with deeper pockets it doesn't stop there.
Common faults are blinky dash, worn lower control arm bushes, air con compressor, skipping CD player, splits in door trims, condensation in headlamps and sticking brake calipers but you can find good examples with most or all of the work done for £2-3k. Properly maintained they are very reliable with Supra like performance for half the price.
Soarers are well appointed. My 1991 V8 Limited has an equipment level comparable to the recently acquired 2001 GS 430. The TT is a bit more of a 'drivers' car. Manual transmission is rare and attracts a premium.
The 4.0 V8 is the one to have but half of the Soarer community would disagree with that statement. :)