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As I understand this if it lands on your doorstep and wasn't reclaimed by UPS/FedEx/USPS prior to that there's nothing they can do. They can ask you to send it back, but you don't have to. If they made the transaction and it's in your hands they can't put you in the red for the difference.

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Correct. Now, I highly doubt they'd do it, but Amazon could take some action such as banning you from their services until you return the item. At which point do you want to own the item more than using Amazon? Could be a tough choice for some.

Though I still don't think they'd do that.

You aren't guaranteed the ability to unwind the deal after delivery so that's only fair that they can't either.

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