I bought these loafers to replace a pair of Sebago Cayman loafers that had served me well for many years.  It took a while for these to break in, and they are still breaking in to some degree, but in general, I am happy with the shoes.  Time will tell if they hold up as well as their predecessor.

Update:  As of 8/14/2012, these are my favorite shoes.  They are comfy and go great with jeans, khakis or dress slacks.  They are holding up well and feel great.