I have one of the GM 3.0 inline 6 diesels in my 1/2 ton Silverado. It has the wet belt design driving the oil pump at the rear of the engine. Mine is spec'd for 150K miles, but newer now have 200K interval. The belt change process itself is fairly easy - once you remove the transmission! The belt is like $40 part, and then the cover plate is also replaced, so the replacement of the belt is not the problem. It is the extensive labor to remove the transmission off the engine just to get to the belt. About a 20 hour book labor process in total.