I have very mixed feelings about it.
On the one hand, I pay no rent, I have enough space, I get to see my wife and young kids a lot more than when I was driving to an office. So in a lot of ways - it's great!
On the other hand, I have to endure the hardly concealed look of disdain from potential 'big fish' clients when I tell them I work from home while standing in their million dollar architectural studio, my two year old doesn't quite understand what "leave daddy alone, he's working" means so as soon as my wife gets busy with something creeeeeak goes the hinges on my door as he tries to sneak into my office. It also becomes a little too easy to say "oh that's fine, I'll keep an eye on the kids for this or that" and I end up getting very little work done. So I'm suffering from a lot of the inefficiencies that people complain about.
I looked into co-working spaces, but they are pretty expensive here. They're nice, but for about a 100sf closet with a simple desk, simple chair, my name on the door, and a window with admittedly beautiful views of the city, it's about $750/month. It does come with free cookies on Wednesday and an in-house bar, but that's about it. For just a little less than that, I can get an empty space 6x the size (triple net, so I only have to add the internet bill) in a high rise a few blocks away. A comparable desk and chair would cost me about $200 at IKEA, so I'm not too worried about that piece.
My commute is also a bit of a different story. It's a 10 minute drive just to the nearest Wal-Mart. 25 minutes to the CBD if there's no traffic. On a Monday morning, it's 45 minutes. If the bridge is up, you might as well go home. If there were an affordable co-working space with a dedicated office and a full scale gym 5 minutes down the road....I'd probably do it.
I don't, though. So even if I get a business partner and started to grow the operation, I'd probably still stick with remote.