A view from Home (alternative working arrangements)

I have managed remote team members before, both at home and in other locations.  I find more pros than cons with this arrangement.  Here in an interesting article written from the 'inside'.  Since I have never actually worked from home long-term, I find value in reading these thoughts as one who manages employees who do.

Experiences and realities of a homesourced IT worker

What have your experiences been?  (both managing and working with alternative working arrangements)