To expand on what Carl said, it's chemically very easy to break down sugar and starch and use it as food. It's significantly more difficult to break cellulose down chemically. It's not simply a question of experience, the task is chemically much more difficult.
It's not clear to me that cellulosic ethanol will ever be economically viable, but I hope it will be. Research into cellulosic ethanol is a great thing.
While economically turning all our waste cellulose into fuel for alcohol would be a great thing, there's not enough waste cellulose to completely displace gasoline. We'd have to start farming cellulose. That means cutting down forests for wood chips and switchgrass farms, plowing up land and planting switchgrass or something, replacing food production with high cellulose yielding crops, etc. All these farming methods have their own economic and environmental costs. Plus what wastes come out of the ethanol production process?