OK, some time has passed and let's see what's what about the magnet trick. Today's date is 10/21/09 and I have been running a one year oil and filter change interval on Rotella Synthetic oil, 5w40 weight having used this oil for running on most of two years now.
First data bit, the amount of ferrous trash found on magnetic plug and supermagnet has been reduced using the Rotella Syn oil. This can be interpreted any way you wish, it is just noted here along with empirical pictorial proof.

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Next, what is the effect on the oil filter paper element by running a one year oil change interval? Is the interval too long and is the filter paper getting overloaded? Exactly what sort of crap is being caught by the filter paper?
I backflushed the filter by pouring gasoline in through the center hole and letting it backflush out the filter element into a catch bowl. I let it settle then carefully poured off the gasoline leaving all the solids behind. I then flushed the gasoline out of the filter by force spraying carb cleaner through the center hole once again backflushing the filter element from the inside out catching it in the same bowl. What you see are all the solids that came out of the filter (after letting the carb cleaner evaporate).

Now I rubbed the stuff in the bowl, feeling for solids and yes there were some hard solids present. I sprayed off my finger tip with carb cleaner and rinsed the bowl edges down so all solids were "liquified" in the same small amount of carb cleaner. I then introduced the edge of the supermagnet to see what was ferrous and what was not.

The vast majority of what the filter paper had caught was more of the same ferrous crap that the magnet had been catching all along. I guess I shouldn't be surprised, but I was expecting to find more clutch wear or gasket bits or something else non-ferrous. Amazingly, no aluminum bits were found at all. Also, there was no mineral grit from dirt or dust (so filter system is working well enough to stop all discernible sized dust particles.
Here is what remains, a tiny flake or two of gasket sealer stuff.

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Tentative Conclusions:
The vast majority of the non-gas, non-carb cleaner soluble materials produced by my engine are ferrous materials. The super magnet is effective in capturing the majority of these particles with only a small minority becoming engaged with the paper filter element. Dirt is being stopped by the heavy oil air filter system.
A two year filter exam interval is perhaps appropriate, with oil change to take place yearly as I really can't stomach not changing the oil at least once a year.
Rotella Syn 5w40 oil is working as well or better than Mobil 1 20w50 the previous oil used and pictorially represented by the earlier supermagnet collection pictures upstream in this tread.
This improvement is highlighted by my "wickerish ways" which started mostly after I quit using the Mobil 20w50 Extended oil, which I dropped because it quit being available with >10 PPM of ZDDP as Mobil changed the oil's formulation without any outside announcements.
Now the filter element, once dryed of all cleaners was examined with a magnifying glass and I found nothing in the pleats, nothing. I am gonna reuse that little sucker ....
.... yeah, Gort -- I'm a cheap bastard, I know