First off, Frye is definitely one of my top boot brands, hands down. I've got a few different pairs and I love them all.
This boot specifically is one of my favorites out of my entire shoe collection. I have the Frye Jane boots in black (and I want another pair in brown). They're incredibly well made, comfortable (even for those who aren't super keen on wearing heels), and classically stylish. I wear them to work, out to get drinks in San Francisco, to go have lunch with my family, etc...they're really versatile. They pair really nicely with both skirts/dresses or your favorite skinny jeans.
I've only had them for about 6 months but they've been wearing well. Value-wise, time will tell of course. But they should last (almost) forever and I sure hope they do! :-)