With the switch of any appliance in the OFF position, there will be full voltage across that switch. If that switch is properly located in the hot leg of the appliance, there will be no driving force to shock a person who touches something inside the appliance. If you reverse the wires at the receptacle, then the switch becomes effectively located in the neutral leg. That means that all circuit components internal to the appliance will be energized, and a person touching them would receive a shock.
So my answer is that there is no bad thing about reversing the polarity at the receptacle, so long as nobody opens up an appliance that is still plugged in. But people are not always the smartest members of the animal kingdom.
Think of a person knocking a lamp off the nightstand, and shattering the bulb. He knew that the lamp was on at the time. So he turns the switch off (unplugging the lamp is too inconvenient, as the plug is out of reach - behind the headboard). He then grabs the shattered remains of the bulb, and gets a rude awakening. I think this is the essential risk, the essential answer to your question.