I recently made one with pressed Concords, but have done one with cans of Welchs. It tastes good, just realize your going to have a flavor that will remind you of grape jelly and NOT normal wine. If that's your thing, then good. If not, then you may end up ruining a whole batch because you end up with jelly-wine.
I liked the pyment a whole lot better than the straight Welch's wine.