First of all a post above says oil "holds" contaminants. Clearly there's some misunderstanding about how an engine's lubrication system works.
"Contaminants", ie: solid particles, water, acids are not "held" by the oil. Solids, at least any which are big enough to damage engine parts, are trapped by the oil filter. Water evaporates or "boils off" once oil temperature gets up to normal and the vapor goes out through the PCV system. Acids are neutralized by the engine oil's corrosion inhibiters.
As for change intervals, I'll offer some of my experience over nearly 20 years of using synthetic engine oil and doing spectrographic oil analysis on a regular basis.
On average my Corvettes see limited annual mileage.
I use Red Line 10W30 in all but one and that one gets Red Line 10W40. Each has its oil spectrographically analyzed at each oil change. The analysis looks at wear metals and oil condition (strength of corrosion inhibiters, viscosity, moisture and so forth)
I've run crankcase loads Red Line engine oil as long as five years without an oil change. During that period, I change filters every 3000-5000 miles depending on the size of the filer. In every case of running oil 3-5 years, the spectrographic analysis comes back showing no problems with corrosion inhibiters or viscosity. I've done that with both my C3 Big-Block hot rod, my 95 ZR-1 and my C5. The Big Block, because of piston-to-bore clearance typical of racing BBCs, uses about a qt. every 800-1000 miles. The LT5 and the LS6 uses about qt. about every 6000 miles.
Now...I don't advocate 5 year oil changes for "everyone". I'd only suggest their possibility to those running Red Line Engine Oil in engines which NEVER see short trip duty cycles, are not operated in a dusty environment and which get regular filter changes. Could this be done with other premium synthetics? Perhaps, but I'd want to see some oil analysis data before I'd try it.
Would I suggest this for a Corvette using Mobil 1 5W30?
No.
Could you go 2-3 years using M1 5W30 and changing the filter every 3000 miles?
As long as the duty cycle had NO short trips and the car was not operated in dusty environments, you'd be ok.