Lots of Cobalts are on the streets without a working water pump in their intercooler. This (or a missing fan) can lead to higher intake air temperatures (IAT), as the intercooler isn't working properly, and when this happens, the PCM will take away ignition timing to prevent engine knock.
So you loose some power.
This will occur after you have done a few pulls, as the water in the intercooler takes a while to heat up.
I say try it, and see if it bothers you. If you are planning on racing it, you probably want the fan, if you are just horsing around on the street, you probably get enough cooling between street lights.
If you add an IAT Canbus gauge, you can watch your intake temps.