It’s really unfortunate that the colloquial name for it is “corn smut”.
We tend to forget that mushrooms, even the most costly Jalanese ones commanding a higher price as a delicacy, are basically a fungus, plain and simple.
The only difference is the growing medium. And in this case the growing medium is the ear of corn itself so why wouldn’t it taste good? I mean some mushrooms are raised in wood pulp or dung so surely corn fungus has to be better tasting than either of those :)
But the primary problem is that it is canned rather than fresh, so you’re not getting the true taste of it in the same way that canned mushrooms are so inferior to fresh.
I mean, they’re OK in a pinch but most people wouldn’t prefer canned mushrooms over fresh.
That being said, I’m going to assume that it will be little different from canned mushrooms. So, not horrible but definitely nothing to get your hopes up about. I don’t want to disillusion you too much but if you think of using them in the same manner as you would canned mushrooms, you can’t go too far wrong.
But if you really want to taste what all the fuss is about, you’d best get yourself to the Southwest US or Mexico around harvest time, preferably a Mexican style restaurant. They are the folks who perfected cooking corn fungus into an art so why not go to the source ?
Any of the times I’ve seen it used on Food Network, it’s usually been in the context of Tex-Mex type of preparations.
Bobby Flsy uses it and they’ve used it on Iron Chef. But because it’s such an extremely seasonal and regional item, I can’t imagine it really getting traction in the rest of the country.
So, any recipes you find with canned mushrooms should stand you in good stead.
Let us know how it works out for you.