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This is not directly multiboxing related, except that as a multiboxer you generally have a crapload of greens to sell at the AH. I always do it by searching for competing items withing 3 levels of the crap I'm trying to unload and then undercutting the competition. If you do the same thing this addon can save you the repetitive work of setting up each search. Just alt-Lclick on the bad item you want to sell and Undercut will do the search for you.
http://www.wowace.com/wiki/Undercut
It's unrelated. This is for people who want to manually poke around on the auction house to see what competing items are for sale. It makes the poking around a 1-click thing, but you still have to set the price yourself.
Also, I think that the Auctioneer functionality you are taling about requires a scan and is based on specific items rather than general categories. I may not be able to gouge people as much as I would like on my level 35 Stone Hammer of Crappiness if you are already selling a level 34 Mighty Club of Craptastitude for less. If there's a way to make Auctioneer do categories it's news to me (pls share! :)).
if arcane dust doesn't sell I make Bolts of Imbued Netherweave and make either blue items or make the epic cloths and go from there.
Ah! NICE! I've always wanted a simple addon that did this (without being subject to the myriad pitfalls of "trend" scanners such as Auctioneer). I'll give this a shot tonight. :)