Remote work is the way of the future. A recent study from of IBM employees showed that if employees have a modest commute then they only need to work 38 hours/week before they start to have work/life balance issues.
If employees work for a company that allows them to telecommute, they can work almost 60 hours per week before running in to work/life balance issues. That's a big deal.
(That's not to say you should put in 60 hour weeks if you can help it, but it highlights the negative effects a commute has on people and their happiness in life.)