Telecommuting is here to stay and it will only become more common as old-school managers who don't understand technology retire/die off are replaced by young workers who grew up with technology.
While it's not a 1:1 correlation, there are going to be a lot more people asking the question "Why am I spending an hour commuting if there's nothing I can do at the office that I can't do from home". Despite a couple companies trying to close the doors after the horses are gone, this particular paradigm isn't going anywhere any time soon.