@Broadway0474 These are really great questions you bring up. And to be honest - it depends. It depends on a number of factors but for some - They are lucky enough to fly under the radar in a 8 to 5 setting.
And for others no matter what they do - the 8 to 5 'ers just don't want them in their particular club. I have worked primarily in entertainment based tech for the past 15 yrs. where I only worked as long as the budget was still there.
Hardily a typical 8 to 5 type of atmosphere, so working from home becomes a necessity as you wait for that next "creatively challenged" piece of work to come in.
Contrast that with a more traditional IT role and depending on the company and your skill set - one can literally retire in the world of 8 to 5. So I understand that my situation is somewhat unique and still remember how if I had played the game - could have comfortably become bored with an 8 to 5.
But to answer your question - no you (we) have not been sold a bill of goods - if you are working from home - you are ahead of the game IMO. It is the future and for many the present. Do you really think companies are going to hire anymore than they do now ?
As I see it working from home is like hedging your bet, taking out insurance ...it is a must. Those that don't think about this seriously will find themselves eventually at the mercy of the 8 to 5 er's.
And by then it will be too late.