I inadvertantly did a test to see how hot you can cook with it..... I put afrying pan on the stove and turned it up to high ...then got distracted. The whole house was full of smoke and I thought something funny was going on, looked around and it was smoking like crazy, but never caught fire. It has a very high burn (ignition) point. I carefully carried it out side and set it on the cement side walk. It took us 3 days to clear the house. funny...but not funny.
Other oils would have been on fire if heated that high. Yes it does have a distinct flavor. I suspect you could bake with it quite easily. Another thing you might try is add it to a smoothie in the blender. It is a very unusual product. I'm going to try bake homemade bread with it using at my oil...let you know how it turns out!

Happy new year by the way....well lets hope so anyway!