Not really. Your OnDemand account entitles you to an OnDemand instance. If you want another for development, you'll need to buy another OnDemand instance.
I agree that I would have to purchase another environment, but if possible would like to create the new environment utilizing the configurations I already have set up in my current environment.
It would save time having to reconfigure all the custom fields, workflows, screen schemes, permissions, et.
Well, Atlassian Cloud/OnDemand support might do a clone, so I'd raise a support issue to ask them. The other option is to use the standard Cloud backup to get a download of everything, then import that on the new development one (then change the notification schemes to stop it duplicating stuff to real users!)
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