Conclusion
The future of telecommuting (TC) only looks good if you are an optimist. If not, it is hard to escape that in TC we are just re-proportioning the same pie differently. Every advantage can also be seen as a disadvantage. As an individual, it really comes down to whether you think you can benefit in the long term. In the end, as work will likely become a thing you do, rather than a place you go, we will all have the opportunity to evaluate how things have changed.
For my money, I see TC as the latest of many chapters of what I call "The Rise of Dis-Association" over the last 30 years. Disassociation has gifted us "at-will employment", rather than contractual obligations. Pensions have been replaced by opt-in privately owned and managed retirement accounts. Exemption from fair labor standards act means we typically work many untracked hours.
Moreover, the rapid evolution of work without documentation and standards for management of it has made it normal say "my boss doesn't understand what i do." We live and work in interesting times. And part of these circumstance involve continually shifting boundaries between owners and workers. I personally am optimistic and excited in the short-term about the possibilities of working from home. But in the long run, I doubt my ability to act more shrewdly in the global economy than my employers.