Ethanol is only a temporary solution, just like Hybrid vehicles. What E85 and Hybrids have in common is that they make people more comfortable using alternate energy sources. Motorheads like people here are reluctant to get away from using high-octane fuels because we love performance. Normal people don't like alternate energy because its change, and change scares ignorant people. What E85 and Hybrids allow for is taking a concept people are familiar with (the internal combustion engine, in this case) and slowly adapting it to the needs of the future. Ethanol allows for combustion to still occur while being relatively enviro-friendly. Hybrids allow for performance with a gas engine with the efficiency of the electrical engine. Right now we have the ability to convert to a different type of energy to power vehicles, but with the political power of oil companies and the resistence to change of the general public, reliance on gasoline will only be extinct when the oil reserves dry up.
In short, fuck the big oil companies for A) forcing us to rely on them and their monopolistic competition, B) jerking us around with absurd prices that the government simply allows to be regulated by the market (they refuse to raise the minimum wage and refuse to put a cap on gas prices) and C) not giving jack shit back to the community.