A few folks do, but I am unconvinced it is worth the trouble...
My wines tend to be high is tannins. I actually want a very small amount of O2 (as the wine ages) to smooth out the wine.
Also, The only time I leave any kind of void in any of my vessels is during fermentation. All other times I keep the vessels as full as possible. As a result, there is a minute amount of air exposure. Not nearly enough to cause any kind of oxidation.
If you make sure that the wine is balanced (PH/Acid) and has a good level of tannins, you have nothing to worry about. I see no real need for the expense or the time/trouble for this (IMHO). Others, however, will disagree.