Synthetic oil lubricates differently than regular oil, to elaborate just a tiny bit more on ARKQX33V6's post.
Petroleum oil is not as fine as synthetic, as long as all your engine seals and gaskets are in good condition they shouldn't be any issues (meaning leaks), however in high milage vehicles get the high milage synthetic if switching. otherwise the space that the normal oil was not leaking through synthetic might.
the operating temperature of synthetic oil will be lower, not much but will be lower than regular oil, which contributes to longer engine life.
about cold weather and performance
here is an extract from
http://www.ehow.com/about_5171570_synth ... tages.html
Synthetic oil offers a number of additional advantages. Synthetic oil does not lose its ability to flow well in cold weather, so it is preferred for cars driven in cold climates. Synthetic oils also perform better and more consistently at high temperatures, and so are frequently recommended for high-performance engines. Their chemical stability makes them less prone to long-term changes in viscosity due to temperature or contamination.
The net result of all of these advantages is superior lubrication of the engine. This can result in longer engine life, better fuel efficiency and smoother operation.