Is Cellulosic Ethanol the fuel of the future?

Now the Jaguar concept won't run on it, not without a little modification anyway, but there are plenty of other fuel analysts who are banking on vehicles of the future using Cellulosic Ethanol fuel.  It's not some pipe-dream, either; SunOpta Inc. have recently signed a joint venture with GreenField Ethanol Inc. to manufacture the fuel on a commercial scale, using wood chips as the source material.

The first plant is predicted to produce 10 million gallons of the stuff in its first year, with subsequent plants aiming for a 50 to 100 million gallon yield.  Already people are making claims about the woods used becoming the preferred crop for agricultural areas, as Cellulosic Ethanol overtakes traditional fossil fuels.

Renewable Energy Access [via TreeHugger]