I'd like to weigh in on the "Con". First off, the vast majority of corn Ethanol comes from corn that was destined to be feed corn, not corn for human consumption. One of the byproducts of Ethanol production is high protein animal feed. HFCS is also another byproducts of E85 production. All of the, "it's raising the cost of our food" is bunk. When gas prices were terrible 2 years ago, food prices went up because of the cost of gasoline. Food prices never came down, and now Ethanol is to blame? Please.
While I believe corn ethanol is sub-optimal, and I also believe that chopping down rainforests in Brazil to plant sugar cane for fuel use is not the wisest move, I do understand that by creating a demand for E85/Ethanol as a fuel, it will provide the market with more incentive to provide alternative (ie cellulostic) Ethanol fuels through methods that are in no way linked to our food market. If there is none to little market for E85, there will be no market incentive for businesses to work on ways to produce cheaper ethanol from less demanding feedstock.
All of that aside, In every functional way, except perhaps overall economy and availability, E85 is a superior fuel to gasoline in a turbo'd Subaru.