Oil doesn't really wear out. The breakdown of the additives and heat cause it to get funky.
I always change my oil at 3,000 miles, whether dirty or not. I can't personally justify the cost of synthetic oil for everyday driving. If you're racing or have a real hot running engine, I understand synthetics hold up better under very high temps.
The die-hard synthetic user may have a different outlook than mine, but that's why you have a choice.
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'89 LX 5.0 - 5 speed. Original Owner
'94 E-150 4.9 Hi-Top Conversion Van
'06 Mustang V-6, 5 speed
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