this thread made me realise I hadn't updated my age in my sig for 3 years! oops!!
But I'm still in my 20s and I get the same thing. Its actually worst on my back. blugh.

Traveller, I think that that with me, a regimen like you describe would dry my skin up and clear up the spots but then my skin would make more oil to compensate. Maybe try a thicker moisturiser once they're dry? I definitely don't have the answers though!! If someone discovers it let me know!