Having Live and Neutral on a single change over switch is not a good idea.
Not ideal, I agree, but thats what b-b-m switches were made for, and why I stressed the need for one. However, I can't deny that your approach avoids that problem, and is therefore in that sence preferable. However, an issue with your arrangement, which could have safety implications, is finding a way of labelling the switches such as it would be clear to ('unfamiliar') users what they had to do to get the result they desired! In particular, in the absence of an overall on/off switch (which, admittedly, could be added) it might not necessarily be obvious to everyone what they had to do to render a particular lamp holder 'safe' (i.e. no L feed to it).
Specifically, it is more than a little worrying that switch B switches the neutral to lamp X. That means that if switch A is 'on', then lamp X can be switched off with switch B, but leaving a live feed to lamp X. I'd need to think about it, but such 'neutral switching' might (at LV) even be non-compliant with the regs. If it were a simple' lighting set-up, I certainly wouldn't be happy with a switch in the neutral, even if there was also a (separate) switch in the L, would you?
B and C can be combined in a two pole change over switch if it is not necessary to have X bright and Y off
Indeed - although labelling (hence potentially safety) remains a bit of a problem. However, as I said before, if (unlike you) we are talking LV, then I don't think you would be able to find a 2p2w switch as an 'electrical accessory'.
Kind Regards, John