Am I reading this thread wrong?
A four wire system provides the neutral for those systems that utilize 270v (phase to neutral)from the wye configuration and is carried through as a neutral -- although this neutral is bonded to ground at the transformer (as stevenal points out and at the service entrance on 4-wire systems), the neutral is separate from the ground -- just like the neutral and the ground wires in your 120v systems -- the neutral is intended to carry current, the ground only under fault conditions, etc.... we utilize the three wire systems (wye configurations) strictly for the 480v (phase to phase)on our large equipment but carry the ground right along with it (although when bonded to the service entrance, provides similar function as the neutral from the xfmr to the service entrance); then utilize neutrals on the secondary sides of smaller service transformers (480v/270v lighting, 120v/208v service, etc) and maintain the required grounding for these separately derived systems...
The problems I see mentioned may deal with a delta configuration where there in no neutral -- (except maybe through high-impedance reference points) depending upon the requirements of the system, I am most familiar with one corner of the delta being grounded in order to reference all voltages to ground...
So, to answer joozu6, we use the 3 wire systems all the time with no problems -- but the (wye-wye) transformer XO connection must be grounded and the ground carried through and properly bonded to equipment as required by code....
inform me if I am completely off-base, thanks...