I agree with Q45tech on this way, way too innefficient. At Minnesota State University (where I went to school), almost every vehicle that came into our program for something (mostlyl donations, or built cars, whatever), we converted to E-85 (85% ethanol, 15% gas). It's a dumb idea I think personally.
I can tell you though, if you want to do this, some of the things you will have to change...
The fuel pump will need changed. You need a higher pressure fuel system.
You'll have to figure out a way to warm the fuel on cold days. Cold ethanol doesn't like to burn very well.
You will need a way to control the amount of fuel that the injectors put out. Because ethanol has less BTU's/gallon, you need more of it to make the same power. So adjusting the fuel pressure *may* work, but you may also want to consider a SAFC or JWT ecu, custom made ofcourse.
That is the biggest things I can think of off the top of my head. However, I never worked on one of these projects, so I'm sure there is many other problems I can't think of right now.
But I really don't think it's worth it. You make less power, are equally efficient, and costs the same to run (if you buy commercially, at a gas station). The only advantage is you make cleaner exhaust
If you want more information on it, every senior project that was ever done at MSU has been made into an SAE technical paper. I don't know any Tech paper #'s off the top of my head, but search
http://www.sae.org for "ethanol conversion" or "E-85 fuel" or something like that. Some projects used E-90 or even E-95, but most were E-85 due to the fact that you can buy that easily in Minnesota (available at many gas stations, for flex-fuel vehicles).