I received a bottle of Neutrogena Body Oil for Christmas last year from my mother, who knows I suffer with dry skin and thought this would be a good remedy.
You won't have to worry about dry skin if you use this product, but you will have to worry about slipping and sliding all over the bathroom and getting greases spots on your clothing. This stuff is like rubbing bacon grease on yourself. I have extremely dry skin, to the point where I have to put on two layers of lotion in the winter and they get absorbed so fast I have to put on a third layer. Neutrogena Body Oil doesn't absorb at all if you apply it directly to your skin, as the instructions suggest. It's very uncomfortable and you feel slimy and dirty even though you just got out of the shower!
Keep in mind, the instructions say to "smooth on a few drops" while skin is still damp, and that's what I did. I can't imagine how it would feel if I'd applied more than a few drops.
However, the other option for using it is to add it to the water in the bathtub and soak in it. This actually does work quite well, as soon as you figure out the right balance between too little and too much. I noticed my skin was more moisturized after using Neutrogena Bath Oil in the bath during the winter, and I used half a bottle of it for this last year. Its other saving grace is that it has a very mild, natural scent.
Overall, I'd say to pass on this product. A great alternative is Neutrogena's Rainwater, which is moisturizing in a much less oily way, and has an intoxicating scent.