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I dont think you can create a Horde and alliance character on the same server on the same account. So someone doing that would have to have a 2nd account in the first place.
I thought that was the point of the factions after all.
correct me if im wrong.
You don't need two accounts. I have an undead alt on my single account on the same server.
I hadn't thought of using the nuetral AH in this way. It would be cool to put a feather for sale with no buy out then have your main bid 100g on it for money transfer.
They probally thought of that however as the above poster said and you would not be able to bid on it without an additional account.