I've tried this scenario several times in the A320 sim right after takeoff; had virtually no sucess getting it turned around and back on the ground...this was at several different weights. We've done it in the sim from altitude and was able to get it on the ground, however just to maintain the glide path I had to go in and out of TOGA to maintain the path...
Had it happen for real on a 747 at altitude, no 4 came open...luckly we were turning left. We went through 60deg of bank travel before we got it shut down and righted. After it was shut down it was no problem.