It seems to be a more common occurance according to this report. There are some jobs that telecommuting is practical and should be encouraged.
But here is a thought, it may not actually cut down on gas consumption as those employees with a four day week will likely spend it doing errands and still driving. Telecommuting, meaning the employee is still expected to be working form home will actually decrease commuting costs, but a 4 day work week is less likely.
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I know several people who work from home at least two days a week and just love it. They can get their work done without having to get dressed up and put gas in their tanks. It's the new way of doing things as far as I'm concerned.
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