Mobil 1, 0W-20 is in my Mexican Beetle right now.
Since it has hydraulic lifters, they tend to bleed down, then with thick oil, they sometimes don't pump back up right away. This thinner oil does the trick, they always pump up fully within seconds of starting the engine.
There's one bad thing about such light oil. They usually have less of the magical zinc compound that our cam and lifters require. So I added a small amount of GM EOS. In my case, I can't add too much, since any oil that gets past the rings and is burned, causes the zinc to enter the CAT. That will kill the CAT. This is the reason why the API has reduced the zinc content of modern oil.