"if" a fuse was in the neutral leg in the equipment (some do put it in there) it effectively would be useless
That's exactly what I've always thought since I start to understand some basic electrical laws.
A couple of reasons. In some situations there is one contact that is more exposed than the other.
This is true, and also here smart electricians apply this security rule to their installations.
The other reason is that at least in the US it is common to only switch and fuse the live conductor inside a device.
America and Europe share many devices with the same circuitry and only a different transformer: I've seen only fused and switched L cable (at least for color) inside power amplifiers, decoders, vcr etc. but with our simmetrical sockets, it's useless: I can easily reverse L and N.
If you use a device like this and the fuse blows or the switch is off while it is plugged in backwards, you disconnect only the neutral and leave the bulk of the circuit at mains voltage
Exactly. That's why I think some european (at least Italy, Spain, Finland and Germany) main sockets system is not completely safe.
We should do like US, Australia, Switzerland and UK: a one way insertion main socket as standard and MEN system.
Thank you all for answering my question.