the temperatures reaching the skin won't be -170, you'd do some serious damage. ice baths haven't been scientifically proved to be beneficial long term either. they have been shown to decrease onset muscle soreness, which will help if you want to race/train the following day. however, when training hard you tear muscle fibres etc and the inflammation there initiates a healing response, healing allows adaptations. repeated use of ice baths post-session may be bad in the long run, and may inhibit further adaptations to exercise.
still, it's an old wives tale that it works, the research still isn't out there to concretely prove it...but people continue to use them religiously...
post injury when you want to limit/control the inflammatory response cryotherapy can be immensely useful, as can contrast therapy (hot>cold>hot>cold etc), but using it after training all the time is not worthwhile IMO.