There are separate issues being discussed here: 1) What happens if the transformer neutral gets disconnected from _ground_ and 2) What happens if the transformer neutral gets disconnected from the supplied systems. 3) What does the OP mean by a 'neutral forming transformer'? Just an ordinary wye secondary on the supply, or a 'delta' supply with some sort of separate device deriving the neutral?
If the system gets ungrounded, then all of the L-L and L-N voltages stay the same, but the L-G voltages become undefined, and the L-G voltages act like what you see in an ungrounded system. Typically because of capacitive coupling and leakage current, the neutral of an ungrounded system hovers near 0V to ground, but it is _not_ well defined and could take any value. The unbalanced load is not directly related to where the neutral voltage hovers, but rather unbalanced capacitive coupling and unbalanced leakage current.
If you have an ungrounded system with a solid L-G fault, then that line drops to 0V to ground, the N line ends up at 277V to ground, and the other phase lines end up 480V to ground.
In an ungrounded system, another sort of fault is a 'restriking' fault where the fault makes and breaks for some reason (for example, a fault in a spinning motor or a fault caused by vibration). Restriking ground faults can interact with the capacitance of an ungrounded system to 'pump' the voltages up in excess of the normal L-L voltage. I've read a report of a restriking ground fault damaging multiple other motors on the same system.
In the second scenario, if the neutral gets disconnected from the system, then the L-N voltages will change. If you know all of the loads connected to the system you can calculate the resulting L-N voltage, but this isn't trivial; you need to know all of the load impedance values (and especially with electronic loads the impedance may _change_ when voltage changes), calculate all of the L-N impedances on the three phases, and then solve the resulting voltage divider.
You can get a rough guess if you know the L-N voltage and L-N current for each phase, and use that to estimate each phase impedance, and then use those three impedances to solve the voltage divider. This is only an approximation because the impedance values are not constant.
-Jonathan