Most of the questions have already been answered.
I think the car is based on the Saturn Ion platform, (almost the same car as the Ion Redline) The Cobalt SS comes with Sport Tuned Suspension which greatly helps handling. There is a little body roll, but it's necessary to keep the car from being super stiff during day to day driving.
The 18 inch wheels could be a little winder, they're like 6 or 6.5 inches I think, I had 8 inch wide wheels on my old car and they were much better as far as handling went.
The clutch is nice and tight and NOT Hydraulic (my last car had a hydraulic clutch which I absolutely hated). If you hit second gear at the redline you can break the tires loose and smoke them up to and through third gear. That turns some heads
Understeer really isn't all that bad, (no worse than any other high powered FWD) I opted NOT to go for the Limited Slip front diff (it came with recaro racing seats which I thought looked cheap and didn't want them at all) and am already regretting it, I've lost traction a few times at the apex of a curve when I'm getting on the gas, it's a scary thing.
The block is a 2.0L aluminum, and the exhaust note is absolutely perfect. The stock muffler is the size of a glasspack, it rumbles at low RPMs and screams at higher revs.
Yeah $700 for the upgrade is great, the boost comes from a smaller pulley taking it from 10.5 or 11.5 or whatever it is to something like 14.5 PSI. The best part is the warranty covers it.
In it's stock form on an empty thruway one night I took it up to 138mph and it was still pulling. Internet says 145mph top speed (drag limited) in stock form is achievable.
It gets an average of 26MPG on 91 octane fuel (Acceleration decreases are noticable on anything over or under 91)
The rear left and right blindspots are awful, the spoiler blocks the rearview mirror and while checking for cars in my blindspots during lane changes I often mistake the spoiler for the roof of a car.
I absolutely love this car and can't wait to sink some cash into it. It's the perfect daily driver / weekend toy car.