It sounds like the poster of this question doesn't have access to her keyboard at all times. She has a mouse, though, so it was convenient for her to be able to quickly click the undo button.
The toolbars used to be much more customizable, with a lot of options for things like Save, Undo, audiosnap features, etc. If a person has come to rely on that, it can be bothersome to find that those features have been removed.
It might be possible to map a midi note to Undo, I guess, though that doesn't address the issue with guitar or vocals. If you have a wireless controller, like a Frontier Tranzport or iPod, it should have an undo button.