What are the major advantages of synthetic oil?
Stewardc, when you say: after 189K, still no oil usage, do you mean that you change the oil with much less frequently? The comment about the lower noise level indicates that it's better in minimizing engine wear, right?
Also, is it ever too late to start using synthetic?
Yes, I am all highway driving, so I change my oil at 20,000km intervals. I have checked the top of the engine, and can find no dirt (sludge) or obvious wear.
Larry is right if you are in town all the time. The benefits of synthetic are overcome by the price difference.
As to the "too late" question, I believe that synthetic should only be put in a new engine. I changed a Dodge 318 (65,000 miles) and a VW Jetta Turbodiesel (arount 120,000km) to synthetic, and had to replace all engine seals in both.