I'll toss my two cents in here, but take it with a grain of salt...I'll explain why.
I currently do not have a hydrometer - hopefully I'll be getting one next month. As such, I do not know the exact ABV of my wines yet. With that said, I have made ginger beer, hard lemonade, and grape wine...and I can bottled all them in quart-sized canning jars (we do a lot of canning preserves, so I had these left over from the summer). These stand up to heat very well, so I put my alcohol in them and stuck the jars in water and boiled them until the internal temp of the alcohol was 160. I then promptly took them out and let them cool on the counter. The tops were off in the water, but I put them on once I took them out and very lightly put the rings on...just enough to keep the lids in place, but not enough to form a proper seal. Once they were half-way cooled off...cool enough to hold in my hand without burning myself, I tightened the lids down. I knew there was no chance of them popping off or busting the jars at this point.
I did not notice a discernible change in taste by doing this, except maybe with the hard lemonade...cooked lemon tastes quite different. I wouldn't say it was a bad change...just different. The ginger beer and the wine tasted the same, as far as I could tell. I don't know if it changed the ABV. I'll be able to comment better on that once I get a hydrometer.
I did find out recently, however, that I really only need to get the internal temp to 140. I will do this next time, and it will be even less risk of changing the drinks.
I suppose doing this ups the risk of oxidation...they were open to the air probably about 20 minutes or so, waiting for the temp to get to where it needed to be to kill the yeast. But as I said, I didn't notice a change in flavor.