This is one of 3 available console variations/finishes for the next-gen Volvo S40/V50. I've seen it referred to as either the "high-tech","Ice Blue"or "Iced Aqua" console. Besides the fact that you can see through all the wiring/connectors, the console is so thin that you can actually store stuff or stretch your legs behind the console.
Here's photos of the just-introduced (in Europe) Volvo V50 wagon:
And for more info & photos of the next-gen Volvo S40: