Wishbone: Yeah, but... DRM-free installer. As long as you downloaded the game from GOG, you'd still have it. Of course, if you're willing to go that route, you might as well simply pirate it (especially since I imagine that repeated abuse would get your GOG account closed), but if such an obvious exploit exists, I find it hard to believe that nobody will attempt to take advantage of it.
There will be abuse, no doubt about that. You could apply the same logic, though, to the money-back guarantee, where someone pretends he has issues with the game to get it for free. Whatever is the case, there will be no access to patches (except for piracy) and no Galaxy-specific features (such as multiplayer).