Preheat grill to high heat. Place corn on grill rack coated with cooking spray; grill 8 minutes or until lightly charred, turning occasionally.
Combine roasted red bell pepper, canola mayonnaise, minced garlic, lemon juice, paprika, salt, and ground red pepper in a mini food processor; process until smooth. Drizzle mixture over corn. Sprinkle with chopped fresh basil.
This was pretty good, but I found the roasted red pepper to be a little overpowering for the corn.