Thanks Cold Iron and it's funny that you say that because they are the only tassels I own. I just had not found a loafer that I thought was dressy enough. I browsed the Manchester on-line and the tassels looked to much like an affectation, especially for a 45 year old. But I tried them on at the AE store in New Orleans and they just fit REALLY well. And they're sleek, which I like too.
So the tassels grew on me and I think you can pull them off as long it's balanced with some convervative elements.
Overall I think the Manchester is one of the most underated shoes in the line-up.
I agree - I love my black Manchesters. They fit like a slipper - maybe my foot is custom made for that shoe. I know it is probably tabu, but I even wear mine with a suit every now and then. Very versatile shoe.