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I've pretty much been on my own for about 3 years, and this summer, I came back to live with my parents on and off. For the first time in a very long time, it's working out. Sort of. As long as I can take a break from them, or they can get a break from me, things work out fine. If we spend too much continuous time together, things get a little stressful.
My brother moved back home after going to college out of state for a year, and is continuing locally, and living at home. Although it does save money, he's at the point where he really wants to get out and do his own thing. It's kind of a toss up between how much freedom you want, and all the money you save. Personally, I have swallowed some of my saturday nights and saved the money.
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