MIX first 2 ingredients in large nonstick skillet.
STIR in meatballs until evenly coated.
BRING to boil on medium-high heat; simmer on medium-low heat 10 min. or until heated through, stirring occasionally.
For extra kick, mix 3/4 tsp. each ground ginger and garlic powder with other sauce ingredients before stirring in meatballs.