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I think a refund / undo the latest purchase feature would be a great addition, as it would allow the user to rectify an erroneous purchase. The only downside is that people could undo their purchases to get their money back. However, the system is already trust based, so I see no issue with this.
I have experienced this where I bought the wrong product which was cheaper than the one I wanted to buy and had to purchase cheap products until the price matched the product I actually wanted to buy. This damages the sales statistics and inventory tracking for the TREO people.
Refunds / undos should of course be tracked, so abuse can be monitored.