I can see this working out better for remote workers (like so many of us are). I don't know about other people, but I can pretty easily bring myself down to part time and work on the road -- on planes, in coffee shops around the world, etc. Enough so I can still enjoy the travels and yet make some income while I'm doing it.
I'm on month 7 of 12 of doing just this, really enjoying it. About $3500/mo expenses on average (includes my wife and I), mostly in south/southeast Asia (lower cost) but housesitting is making Europe doable on the same budget. Current house even has an LCD to plug into, so I'm back in the warm embrace of vsplits :)
Edit: clarify expenses, not income; so utilization is <100% of a 40HWW.