Given that it's not approved nor have there been any scientific tests on it, I wouldn't touch it. People have been kicking it around beesource for a while (link below for one discussion, there are many. How does this guy know it's 100% kill rate that he claims? The accepted method for determining the effecancy of a treatment is to follow up a treatment with an apivar treatment using a sticky board.
Randy Oliver posted an update on this fogging method. A retired chemist Dick Cryberg tried it with water instead of ethanol and had zero success rate. Additionally he mentions that the ethanol could react with oxalic acid at the elevated temperatures to form ethyl formate. While this is possible, it is unlikely as the reaction of ethyl formate with water will be favored (producing formic acid and ethanol). So effectively one may be dosing as much or more formic acid using this method than oxalic method.
The take home is not a lot is known. Even if it does work, hot/flaming fogger+ flammable ethanol vapors in an enclosed space + bees wax seems to be a recipe for disaster.
If anyone has any good reference on the effect of sub-lethal doses of ethanol on bees, I'd love to read it.
Randy Oliver link (yes, the title says dribble but they discuss the fogging):
Beesource Discussion link: