I have an XPCR active coupler on a standard residential two-phase fuse panel (so the third phase connection is not used), and during trouble-shooting a problem, I (assume I) disconnected only the neutral before the phase power -- and after a few seconds there was a loud POP from the box. Upon disconnecting and opening the XPCR, I found that both transient suppressors (part number 07D221K -- they're blue, and look like 7 mm diameter flat disk capacitors) had exploded and also blown the fuse wire (really thin wire intended to be an inexpensive fuse).
Perhaps what happened is that by disconnecting the neutral, the "center voltage" (the part of the circuit that would normally be connected to neutral) drifted so that one side had the full 230 volts, and the other had 0 volts. These transient suppressors are for 220v (that's what the "221" of the part number means) maximum, so they started conducting, which blew the fuse wire and both MOVs.
Fortunately, this is exactly what is supposed to happen -- they protected the rest of the circuit. The MOVs only cost a $1 each, and I used one strand of some stranded hook-up wire to replace the blown fuse wiress, and the XPCR is back to working properly (it turned out that the problem was "Interfering Power Transformer", at
http://www.x10community.com/forums/index.php?topic=16998.0).
So, I now have a note beside the XPCR in my fuse box: NEUTRAL MUST BE CONNECTED IF POWER CONNECTED.