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What are the implications of this treatment in the event that the storefront module has been operating awhile and multiple accounts with the same email already exist?

More specifically, which account will be used once the feature is enabled? The most recently created?

Will non-anonymous accounts with the same email address cause a problem when a user checks out anonymously with the same email address?

Regarding one time use coupons: will these be restricted after one use when they are submitted with orders from an anonymous user using the same email with a prior anonymous order?