Is the local group bound to the Virgo cluster? The virgo cluster is currently red-shifted by 0.003 according to Wikipedia; this indicates that the cluster is expanding. Will the cluster's enormous gravity eventually "win" and pull the milky way/local group back toward itself, or will our current recessional velocity combined with dark energy cause us to recede off to infinity?
It would seem so. The local group is part of the Virgo cluster and as such is considered to be gravitationally bound. Although the Virgo cluster and the local group are currently moving apart, the mass if the Virgo cluster will likely slow and reverse the recession over time, with the local group ultimately merging with the cluster.

References:
http://astronomy.swin.edu.au/cosmos/V/Virgo+Cluster
http://heasarc.nasa.gov/docs/cosmic/local_supercluster_info.html