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Some caveats and other concerns:

  • As people blindly approve these edits, people may just as blindly roll them back. In a more serious case, one could also use one's edit privileges to serially roll back a user's suggested edits, thereby making it basically a different flavor of revenge downvoting — and one much harder to reverse. I don't like the sound of that...

  • If we limit who can perform such rollbacks, who exactly do we limit it to? Users of a certain reputation level? Moderators? Someone else?

  • What about the users who are approving these edits? How do we address them?

In fact, now that I think about it, I should agree that the problem probably lies in these users who are blindly approving these edits in the first place, more so than the edits themselves which could have been rejected just as easily.