I place the bottling bucket on a small table (about dinner table height) and place the bottles on a step stool (about 10" height I believe) with a towel on it... I get enough gravity flow that way to fill the 500ml bottles (Grolsch) at a good speed, as well as the 750ml bottles (Belgian). The 3/8" bottling wand leaves the perfect amount of head space in the bottles too.
I don't half close the valve, so that the flow is completely steady inside the tubing, into the bottles. The only time there's any risk of any oxygenation is when you first start bottling and the tip is not yet submerged... That's for a fraction of a second, so the risk (as I see it) is so small it's not even worth thinking about... Look at it this way, IF you were risking oxidation by using the standard bottling wands, it would be all over the place here, as well as have it's own sticky... I've not seen any postings/stickies saying to NOT use the bottling wand included in the majority of the starter hardware kits.
I suppose, if you want closer to zero chance of oxidation in your brew, you could just remove the wand tip and use a hose clamp to stop the flow into the bottle... Of course, you'll need to be fast so that you don't spill the brew after the clamp. It will also take some getting used to as a method, so that you can get the right head space in the bottles... In my opinion, more risk, without any real benefit...