The way I see it, if someone is just curious, and breeds two white's or two TOV's just to see what would happen, they should not be breeding in the first place. People need to be responsible about it, and strive for better quality animals, not to see what will happen as in a "What if" case.
I used to breed chinchillas, and before I did, I actually did a couple of years of research, because I knew there had to be more involved in it than just, "oh, look at the cute babies!", and "Oh wow, everything goes perfect all of the time." Because it doesn't. I made sure to ask a lot of questions, and absorb as much of the information as I could. I agree that the term "lethal factor" is very misleading, because the babies are just absorbed, but why wouldn't you want to just spend more time and effort to get better quality babies than just breeding for colors?