Internet compression proxy for low speed broadband?

I live in a rural location, using high-latency wireless off a local ISP's tower. My speed tests vary day to day, but I can get around 1Mb up/down. The problem is, I work with large files, uploading and downloading (HD videos, development software, etc.). It can be painful to wait sometimes. Plus I do some side contract game development, and it can be very difficult to playtest with other developers (200ms ping is a good day for me).

Now, obviously it's not going to be easy to solve the latency problem without different wireless hardware. But speedwise, I am wondering if I can use some kind of compression technology on a proxy.

For instance, my work computer has full access to a 26Mb down, 10Mb up connection, that is totally unused at night and the weekends. If I could run some kind of compression technology on our server, and use it as a proxy to route to my home computer, I could stand to gain some major speed. I realize that by bogging down a system with compression, I could potentially lose whatever speed gain I had. But the proxy server is a quad core xeon, and the receiving computer is a pretty decent i7 computer, so that shouldn't be a concern.

I found http://toonel.net/ but it seems more geared toward very slow narrowband users, like dial-up. Plus, I would prefer to just be able to point my browser to a proxy server, rather then install software on my client machine.

EDIT

I thought about my question a little more, and realize I am going to need to install software on my client in order to decompress, and possible compress (for uploading). That's not a huge deal.