g109 - look at the thread titled "Virgin Atlantic - the master thread" it's on page 5 of this board (ie the "Terms and Endearment board"), last post 30 June. Sorry, I'm not clever enough to post a link to it here.
Very briefly - yes it's quite possible to commute from Europe, lots of guys do it.
If you read the thread mentioned above it should answer every question you ever wanted to know.
t