I still try to change the oil every 3000-4000 miles for a few reasons.
First, it's cheap insurance. A new LS1 motor would run me at least $6000 and an oil change is $15.
Second, every time you hear a story about some guys car lasting an amazing amount of time, you'll find that he's done the 3000 mile oil change thing.
Third, having fresh oil in there isn't necessarily going to reduce overall engine wear, but chances are that at least one part of your engine is on the edge of manufacturer's specs, and it's that one part that the oil changes can keep from going bad.
Fourth, engines don't just "wear out" very often. Some part wears enough for it to break, and the amount of wear it takes to break something varies from part to part and from engine to engine.
I could go on and on, but I'll end with the observation that my Dad used to be lax with oil changes and therefore nobody was suprised when he engine threw a rod, and my firebird has 103,000 miles on it and doesn't burn ANY oil between oil changes, even on the odd occasion when I don't have time to get the oil changed and it goes up to 6000 miles between changes.
I almost forgot... Oil looks, smells, and feels different after about 3000-4000 miles. If there is a difference that I can detect in the composition and contaminant content, then I assume there is a difference in how good it is for the engine.
I'm not a purist about it and if someone wants to push the limits and delay their oil changes, then that's just fine. I'll take the cheap insurance and point-and-laugh when I hear about people who's engines die.