Seem to be well made, but they squeak--both of them.  I wouldn't recommend them, and I won't purchase again.

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Update, 23 Nov 2012.

The shoes did squeak for quite some time--and then they quit.  A friend who worked in the shoe business said it was because the wood used for the shank in the sole was cheap. In any case, I've now purchased my third pair.

They're still just fair, certainly not worth re-soling since that costs north of forty-five bucks, and the leather shows cracking after about 4 months of infrequent wear.  But they're solid and serviceable.  I stand in them all day during my infrequent classroom instruction engagements, and they are very comfortable.  I only wish they held up better.  But, I guess you get what you pay for. The several pairs of loafers I had from Cole-Haan were much better made, but cost twice as much and took forever to break in to the point that they were really comfortable.