Back in 2001 I had a Subaru Impreza Turbo which was nearly a year out of warranty, it had done a hard 82000 miles and number 4 big end had started knocking, I removed and stripped the engine, had the crankshaft reground etc, the bores and pistons were completely as new and I ran a glaze buster down each bore mainly to remove the carbon from around the unswept part at the top of the bore, I then rebuilt it with fully synthetic oil as it had always run and it burnt litres of the stuff, I was topping up weekly until I drained it and ran it on semi synthetic for 3000 miles, drained it and went back to fully synthetic, it then never had to be topped up between changes, I had the car for another 20000 miles and towed a caravan with it with no problems at all.
The long service intervals we have today on cars is driven by fleets and lease companies and ultimately by cost, to make an engine go 20000 miles without an oil change needs a much better oil, my Subaru showed that the fully synthetic oil was so good that the engine would not run in, but on semi synthetic it did very quickly and would have resulted in quicker wear if used further. I currently have a MB ML270CDI which is on variable oil changes, roughly about 16000 miles but I still change it half way with good quality fully synthetic oil, I will not use cheap oils and semi synthetic is no where near as good, only cheaper. Long life oils as they are sometimes called are a better oil and even on shorter intervals will give reduced wear in a modern engine if you are willing to pay a bit more.
The cost of some oils is a rip off, to do my ML I need about 7 litres, so 2x 4l is about