There is also the option of heating the plug to loosen it...although you need access to a torch. The aluminum expands at a faster rate than the steel plug, so it will lossen considerably with heat.
I second the vice grips once the corners are rounded. If it is to buggared to get the grips to hold, you can file (or grind) two parallel flats back into the plug to get a grip on it. Past that, you will have to drill the center and use a broken bolt remover...although that, of course, takes more elbow room.
Been where you are many a time, so I feel your pain. Most folks really crank on tapered plugs for some odd reason. I only tighen them with about half the torque I want to use to take them out later. It's a lot easier to go back later and add a little turn to a seaping pipe plug than to have to go through what you (and the rest of us) have to go through if they are too tight!!
Best of luck...
John