yet another cobalt guy here....your gonna be getting a few of em soon since someone posted a link to these itb's on our cobalt forum
anyway, after reading the thread...a big concern seems to be the high revs. to keep your motor going, you'll need a set of neutral balance shafts, as the stock balance shafts arent mean to rev any higher than about 7kRPM...however, some new connecting rods couldnt hurt either
you're also going to need a new stronger valvetrain
ferrera is the most common set for us cobalt owners
(this is assuming you have the same internals as us)