I agree - and while some may not like the color of that sole, it doesn't bother me. I'm a pretty recent convert to loafers, but I have the zeal of a convert. Unfortunately, all of mine are Aldens, so I have to violate the ground rules out of the gate. I have two pairs of LHS penny loafers, one color 8 shell cordovan and one snuff suede. They are ridiculously comfortable, though I haven't had much opportunity to wear the suede ones yet. I expect they will get a lot of use this spring and summer. I also have a pair of Alden tassel loafers. It's still a look I'm getting used to seeing on my feet, but I like it.
As a general matter, I find that I prefer the LHS style penny loafer (as in the AE Addisons) to the full strap style (like these:
http://leathersoulhawaii.com/wp-cont...d1-684x336.jpg). I'm also not a huge fan of beefroll style penny loafers, though I could probably be swayed on that if I saw the right pair.
In addition, beyond what @
nova mentioned, there are also horsebit loafers, which I don't really like at all.