Clearly this can apply but avoiding travel is not always appropriate and there are also vested interests who can resist this approach. Data Conferencing can reduce cycle times as people working together on a collaborative document whether it be a presentation, design document or project plan can produce it much quicker. This has revealed an interesting fact. I think this probably correlates to some of the experience Bernard has described of manipulating packages in a meeting as a technographer. Junior' layers of the organization who are not normally enabled to travel and associate with peers in distant locations may be able to share information.
Virtual meetings can change behavior.
I was alerted to this one while reading a research paper which suggested that virtual meetings could be more effective in some ways than face to face ones. The paper was particularly talking about how virtual meeting settings could eliminate the ego battles that can be a part of face to face meetings. It's interesting to speculate how it may also be another aspect of technology changing power bases. In a virtual meeting other skills can replace traditional ones. For example personal charisma may not translate well.