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I would only use it if I had a newer car designed for ethanol use. Ethanol is a slightly corrosive substance. Any natural materials used in an engine such as seals and plugs can be corroded. Ethanol has a higher oxygen content than gasoline so it can cause other problems. Ethanol in it's pure form - not mixed with fuel - can kill a standard gasoline engine.
If I did have a car that was designed for ethanol use I would use it. Why not. There are a number of usable byproducts made in the production of Ethanol. My only questions are, Is gasoline used to run the machinery that produces ethanol? How much is used versus how much ethanol is made? and are we using just as much gasoline just to make this expensive fuel?
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"Always learn the rules so that you can break them properly." Dalai Lama
My Karma just ran over your Dogma. 
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