Just for any UK contingent, do NOT go do this unless you know EXACTLY what you are doing and have thought thru all the implications, it is an electrical engineer problem, not something to talk to an electrician about...
For the US crowd, the reason not to do this in the UK are many, but basically come down to the assumption (standard in the EU) that the neutral is a grounded conductor and that because of this only the live needs fusing in the equipment (Come to think of it, do you not have this assumption as well?).
Furthermore, with our somewhat higher supply voltage a fault connecting neutral to exposed metalwork would put 120V on the case, not 60V as in the US, this obviously makes a potential failure mode considerably more dangerous.
Also, with only 120V behind it, making the disconnection time requirements of our wiring regs is far from certain if retrofitting an existing install.
Now, it can be done safely, but is seriously non trivial to do (RCD (GFI) on every outlet, with double pole breakers on each outlet sized for the connected load, everything is home runs (No multiway extensions), Think 240V delta as found on cruise ships, it is a nightmare).
For myself, I strongly suspect it is at best a bandaid for poor grounding, spurious extra connections between grounded and grounding conductors in sub distribution (I think those are the US terms?) and badly designed gear, in any of those cases, fixing the real problem is probably cheaper.
Regards Dan (Who does not really buy it, and thinks it is far too easy to do in a way that makes it dangerous).