I'll go you one further: I think this will become more and more of everybody's life- like the automobile did. I think solving the problems with the social web (privacy, etc.) will also solve a lot of the problems faced, for instance, telecommuters.

One of the problems telecommuters face is dealing with a sense of isolation from the team. If (when) we solve that problem (and similar ones), and social media experimentation is going to be required to do so, probably, then we have an opportunity for a real virtual office, virtual college, etc.

I definitely see this happening.