A less radical version of this is to take only short, lukewarm showers. Taking a fast, 3-5 minute lukewarm shower seems to get almost all of the benefits of long, hot, soapy showers with very few of the negative side-effects. It also saves time.

I made the switch years ago, and I find that my dry skin problems are entirely solved. I still take a hot and soapy shower occasionally, but it isn't an every day kind of thing.