I'm ok with having a distributed team; in an ideal world we'd be able to get together physically more than we do. But if there's an amazing talent in Seattle or someplace else really far from where I live I'm not going to let geographic separation keep me from working with that person.
But...I definitely don't have it all figured out for sure...half the time I feel like that xckd strip where the guy freaks out as he's signing his mortgage loan because he still thinks about how cool it would be to be Batman.