I just tried to delete all but one full backup from a remote which had a successful full backup followed by some successful incrementals then a failed incremental due to space exhaustion ... and it deleted everything. Everything. Target directory was empty, not a single file.
This is with duplicity 3.0.3.2-1. It seems like a pretty serious issue, because it could cause silent data loss, and the whole point of duplicity is to avoid data loss.