assuming everything is installed correctly are your key words, your setup should last indefinitely as long as you take care of it. Checking all fittings and connections for leaks regularly is a good idea, keeping some extra relays and whatnot in the trunk just in case you have some electrical problem also doesn't hurt.
Trucks that are air ride equipped beat on their setups daily with no issues, so yes it's possible just take care of everything.
I've seen some people such as Clean PG also do some awesome preventative stuff for cold weather, such as running lines in wire loom, and putting plastic bags over the bags themselves to protect them.
user water traps correctly and keep your system clean and you'll be just fine