You are a good conspiracy theorist. And I mean that in the best of ways, but if he is not dead, he is alive regardless of in what form, spiritual or carnal. The fact that he might not exist in flesh and bone does not mean that he is dead. He would just exist or "live" in another form. The concept of being alive is not restrained by an earthly life or existence."some sort of immortality" because for example....if he is a spirit (or a projection from another dimension of himself) can that be called life? No. If he has no body (wich we don't know) then maybe he is nor living nor dead. Sooo...Immortality is the inability to die or the ability to live forever? Because one is different from the other... He didn't die that's for sure...but is he alive?
As for the fact that he possesses someone....Sorry but aren't you all a little to much obcessed with obito? He can't be the mizukage or danzou...Danzou is a bastard...but one in his one valor...problably being the subject of orochimarus experiments with a sharingan eye...And the mizukage...Madara WAS the mizukage...he isn't the mizukage right now...
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