I'm no expert, but from what I know, 10% ethanol is not enough to hurt anything. Out here on the west coast, that's all you can get year round.
I'd think that as long as you have hardened valve seats for unleaded fuel, you wouldn't have a problem.
As far as strictly the motor is concerned, it won't care. The ethanol is hard on rubber components of the fuel system though, but I don't think 10% is enough to damage anything. That's why you can't run E-85 in any vehicle that isn't a flex-fuel vehicle. Flex-Fuel vehicles have different compounds in the fuel system components to keep the alcohol from deteriorating the fuel lines, etc.
From that I've read though, the more ethanol, the lower the HP and gas milage. Ethanol just doesn't have the thermal power of gasoline. So, even running say E-85 (if you could), really isn't any cheaper than regular gasoline because it takes more of it (due to lower fuel economy) to run the car.