Here are some photos of the first oil change with my eBay magnetic drain plug:
Just a bunch of smaller particles, which is good. The darker gunk on the shop towel is the stuff wiped off the magnet. No doubt a lot of it would have been caught by the oil filter anyway, but unfiltered oil does reach the oil pump first - so theoretically, having the magnetic drain plug could slightly reduce wear on the oil pump. Is it going to make a large difference, ultimately? Probably not. Though GM may think so, since many of their engines have magnetic oil drain plugs from the factory. A magnetic drain plug also helps gauge how much ferrous wear material an engine is shedding - if for one oil change you have a ton of garbage on it, you may have some further troubles.
Oil used was Valvoline NextGen MaxLife 5W-30 with a Purolator PureONE PL14610 oil filter (also with two hard drive magnets stuck to the exterior of the filter - if I have time to cut it open, I'll post photos). The OCI was 5,049 miles.