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There's no point in changing it now; the damage is already done. You might as well drive it until it seizes up and hope the dealer replaces the engine under warranty.
Well he has about 86,500 miles of warranty left! Remember GM changed the warranty on the drive train to 5 years/100K miles. Why wouldn't the dealer replace it under warranty if it seized? I don't see how GM could "void" the warranty if you are following their system. Even if the light NEVER came on, it's not his fault - it is GM's. They designed the system. It would be their responsibility to fix the light and the damage caused by the light NOT coming on!
NO WHERE in my owner's manual does it give any mileage to change the oil at. It clearly states to follow the OLM!
I have an 05 Trailblazer with the I6 that holds 7 quarts of oil. The OLM light comes on around 8-12K miles depending on the type of driving I'm doing. Yes I follow it. 34K and running strong. Funny thing is - last oil change was at 8500 miles, the oil coming out didn't LOOK much different than the oil going back in! No, I didn't do a UOA. No reason to!
I find it amusing that people trust GM to build the car, design the safety systems, design and build the engine - but think GM couldn't possibly know what kind of oil to use in their engine or how soon to change it!
Check out this post at Trailvoy.com
http://forums.trailvoy.com/showthread.php?t=25793
The member ran his Trailblazer to 10,554 miles on DINO oil. The light had not came on so he changed it. He mentions at the end of this post that the light DID come on about 400 miles later at 10,974 miles. He had 103,900+ miles on the vehicle. I believe from other posts that he bought it new.
GM does say if the light does not come on within one year to change the oil.
3K oil changes for MOST vehicles are a thing of the past - the 50's and 60's. Welcome to the year 2007.

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