Well said. It is always very hard to resist any of those sins.
Will I take a pay cut to telecommute full time? Well, that would depend on a lot of factors, really.
I have been working from home the past almost three years for a wonderful start-up. Before I joined them, I was working at a company I used to drive a long way to every morning in rush hour traffic, only to find crappy places to park cars where I'd risk getting my car bumped or scratched on any given day (lest I paid an unbelievable amount to park my car at some dedicated parking of a hotel nearby, as the company didn't provide parking). By the time I reached the office, I felt completely exhausted and tired. On the way back home, I struggled with the rush hour traffic again, taking anywhere from one to two or more hours to get home completely dead. It was peaceful inside the office, though, with air-cos on 24/7. I didn't have to worry about the sky-rocketing power bills or the ever increasing power cuts (I live in a country that is plagued with problems that make it impossible to get even basic necessites properly at times). However, I completely hated the workstations they had provided. CRT monitors! My eyes would bleed (and as I never miss the chance to bitch about it, they refused my requests to provide me with an LCD, asking me to get a doctor's recommendation letter that said that CRT cause strain on my eyes first). And of course, not to mention the fact that things in the city would turn sour every now and then, creating more problems during commuting safely back and forth.
In contrast to that, working from home has been a bliss. I have a nice set up at home in terms of my work environment. I had to however invest in a power backup generator for the times the power isn't available (which is a couple of hours every day if life is good for us). Because of the hot weather mostly here, I have to keep the air-co running on most times when I am working (because that is possibly the only way to stay sane while working, otherwise the heat gets to you badly). This eventually causes the power bill to go significantly up. The company does contribute, but I'd like them to do so more gratuitously. Of course, I also have to get a good Internet connection for work (Internet is still somewhat expensive over here). So, while the work is enjoyable, and I love working from home, these concerns do bother me all the time. I know that these won't really apply to everywhere or everyone, but for me, these are some of the factors that I weigh in when deciding whether it is better to telecommute. I have not had any issue with communications. We are mostly always on Skype and IM and IRC and of course over email. I think that if I didn't have to worry about the power-cuts, and could run the air-co all the time while working without feeling a little guilty or worried about the power bill, I would be much happier than I am right now.
Pakistan apparently has one of the largest WiMax deployment in the world. I have been a user of WiMax for over five months now, and been nothing but happy with it.