One of the purposes of motor oil is to contain and isolate combustion byproducts. When a vehicle runs rich, as is the case with the MS3 or a diesel, there are excess combustion byproducts (soot).
If the oil is black, the soot is staying in suspension and that's the oil doing its job.
The soot particles are far too small (they're carbon molecules and are smaller than the long chain viscosity improver - vi - molecules in the oil) to be filtered and do not pose a danger to the internals of the engine.
The coefficient of friction of soot-contaminated oil actually DECREASES as the soot content rises - that's because of the dry lubricating properties of carbons (e.g. graphite). However, at some point, the ability of the oil to form a protective film starts to decrease and shear and scuffing increases. The soot content (as a percentage of oil make-up) where the breakdown occurs is really pretty dang high, though, and nothing to worry about for typical oil change intervals.
[Edit] Tweaked the wording a little to make some things a little more clear, I hope.