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I know someone that just moved from Walnut Creek to Danville that works in Pleasanton. Thier commute was shaved from 45 min to about 20. If you are considering the the Walnut Creek area, you might also consider the Danville area. Another possibility would be south Walnut Creek (Rudgear Rd. area) which would allow you to exit before the 680/24 interchange or take back roads if things are too bad.
I no longer live in the bay area (grew up in Danville), but I've realized in my many years of commuting that sometimes, the toughest part of the commute is just getting to the freeway from your front door. As Vickie stated, the 680/24 intersection can be a problem. If it were me, I'd try to just jump on 680 from Walnut Creek to avoid the junction (or exit before the junction on the way home). Your average commute will likely be in the 30-45 minute range. Have you thought about Dublin?