It works for me. (Score 1)

I'm an American abroad, so working remotely has given me the chance to tap back into the U.S./U.K. market while living in a city that isn't the best for software development. In some busy Southern European cities, getting to work everyday can often be a huge barrier to most people who didn't grow up there. For me, having virtually no distractions is wonderful. Also, having a few hours "by myself" due to the timezone shift allows me to stay focused for a few hours and then "lock on" with the team. No gossipy secretary, no co-workers cracking jokes, no phones ringing, and I can choose the temperature, humidity, color/quantity of light, and every other environmental variable to suit my needs exactly.