E85=Bad. Hess stations (the one near my house anyway) have gasoline with 10% ethanol. Avoid them. The alcohol is aggressive and prolonged use will damage rubber fuel seals and cause bad leaks in the long run. E85 will create more power in high-compression engines (Koenigsegg CCXR), but in gas-only engines, the compression ratio isn't high enough to use the E85 efficiently and you will experience 10% worse gas mileage. Considering that E85 costs about 90% of a regular gallon of gas...you do the math. You're coming out the same in the end.

Not to mention that the world cannot produce enough food products to create enough ethanol so that it becomes the next mainstream fuel.

And no I don't think there are any plans in the short-run to make E85 stations anywhere near us.