On Series Landrovers we used to replace the screw-in axle and gearbox breather valves with a hose fitting and run a length of small (1/4") pipe from there up to a clear area. This helps a lot, but if you waded a lot, more frequent transmission oil changes were still required. I did see one installation where the breathers went to a canister of silica gel to absorb water, but that seems like a bit too much trouble. Mind you the cost of the oil for a comple transmission change on a Landrover is pretty eyewatering.
Robert G8RPI.