Engine wear actually decreases as oil ages. This has also been substantiated in testing conducted by Ford Motor Co. and ConocoPhillips, and reported in SAE Technical Paper 2003-01-3119. What this means is that compulsive oil changers are actually causing more engine wear than the people who let their engine's oil get some age on it.
Topping up the crankcase is a critical component of extended oil change intervals, and frequent filter changes are most likely the key to extreme-length intervals. The cumulative effect of even minor top-ups, let alone a filter change, substantially increases the longevity of the oil.