ORIGINAL: appletonn
I'm going to disagree too! I had 10W/40 semi synth in mine but switched to Castrol Edge Sport (10W/60 and NO it is not thicker than 10W/40, before anyone jumps in with a comment...!) [

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Well not strictly true Nick, 10w60 is thicker than 10w40 at 100 degrees C, but is the same viscosity when cold. (by the way, thanks for the tip with Unit 11. I've just bought an A/C condenser off them. Best price around by a country mile!).
First of all i'd only use fully synth for the reasons Andrew has eluded to. No point in not doing so. Secondly 5w40 will provide you with slightly better cold start protection than 10w40, but once upto temp they are both the same viscosity so no difference. The handbook states both grades are perfectly fine for our cars - as is 5w50 and 10w50 at our usual UK climate.
I don't see any point in not using fully synth. It is a bit more expensive, but that's like saying Heinz beans are more expensive than supermarket own brand - they are, but not by that much so it really makes a difference. Use the best and it's one less thing to worry about.
I also would only ever use an Ester based oil for improved cold start protection - afterall the first 10 to 15mins of any journey is where all engine wear occurs. For example Silkolene Pro S is an ester oil. I've also noticed that you can now buy fully synthetic Magnatec in certain grades. I got it in 0w30 for my Focus, though i've not seen it in 5w40 or any of the grades we might use yet.
Also if you use your car 'normally' then a 12k/annual oil change is fine and in accordance with the manual. There was never a 6month 6k mile interval for the 944 turbo contrary to common opinion. The hand book recommends a 6k/6month oil change for the turbo, but there is no stamp for it in the maintenance schedule - only for the 12k annual oil change. I'd say for normal use 12k/12 months (especially if you are using fully synth) but if you take part in track days then of course it is prudent to change the oil more frequently.
I think anything more than a 50 hot grade oil is overkill - unless you are a track warrior or race the car. 944's have oil thermostats and oil coolers and are pretty good at regulating oil temp so there is no need to go to a thicker oil grade in an attempt to manually regulate oil viscosity.
Also varying your oil viscosity to regulate oil pressure is a case of the tail wagging the dog. If you are not achieving decent oil pressure with the oil recommended by Porsche then find out why. Using thicker oils to achieve oil pressure might be masking a more serious and potentially disastrous problem. My car with 120-odd K on the clock and 5w40 achieves 4.5 - 5 bar oil pressure when under throttle and around 3 - 3.5 bar at idle no probs.
I think we worry far too much about oil viscosities. Just use what Porsche recommended and buy a decent quality fully synth and stop worrying about it! I'm not aware of anyone's engine blowing up because they used 5w40 instead of 10w40!