Truly there is a wide variety of experiences concerning this. I have to agree with most of it. Thanks everyone for writing.
It is true that in past winters, the winter tires I was using had significantly more tread, so I did not feel that I needed to reduce the psi as I could tell the car was handling and stopping and accelerating just fine. One exception was when there was an ice storm back a few years ago, and all the roads were coated with ice. I was about 40 miles from home. I stopped at a Sheetz store and started to reduce the pressure down to about 20 lbs in each tire just to be sure that I would be able to drive without issues. The roads were a mess, there were even 4x4's and SUV's sliding all over, and on some hills, vehicles were spinning out and stopping. I climbed each hill with no problem.
As the ice melted and the road were just wet the following day, I increased the pressure up to around 30 lbs. So, I am not saying that I drive 3 or 4 months with low psi. And the few occasions when I reduced pressure below 20 lbs, I don't think I traveled over 25mph. With speed that low, there was little chance of heat buildup which would ruin the tires. Those same tires are the ones I am running now.
With the tread depth at 6-7 32nds of an inch on the older winter tires, I am not worried about long term driving with low psi and having a chance of damaging the tires, as they are going to be replaced in 1 or 2 more winter seasons.
I have given this advice to others about lowering tire pressure, and they claim that it has helped them get though the winter with no driving incidents.
Clearly, the best advice yet is to equip the car with brand new winter tires with a full eleven 32nds tread, but no one is going to buy 4 new winter tires at the start of each winter season. As tread wears down on winter tires over the course of years, IMO, it can help to reduce the psi in each tire, as I have been doing this for more than 20 years.
Now, I am getting busy and removing the Blizzak winter tires and installing the all-season radials, as the roads around Pittsburgh are clear of snow and ice.
And now, a new problem! How to avoid the potholes?
I mean there are some craters out there. And they very hard to see at night. I am going to aim the headlights down a little bit in order to see the potholes better.