Ryuk would probably just be amused. He is a Shinigami who has seen a lot in his existence. Fanfiction is just another strange human creation to him. He might chuckle at some of the more outlandish ideas in the fanfictions, like a character having superpowers beyond the Death Note.
Misa would likely be excited. She is a big fan of Light and the whole 'Kira' concept. In fanfiction, if there are scenarios where she has more power or a closer relationship with Light, she would be all for it. However, she might also get jealous if there are other female characters getting too close to Light in the fanfictions.
If Naruto got the Death Note, it would be a complete chaos. Naruto has a strong sense of justice, but his understanding of it is very different from Light's in Death Note. He might initially be horrified by the power of the Death Note and try to destroy it. However, if he decided to use it, he could potentially target powerful enemies like Orochimaru or Pain without having to engage in direct combat. But this would also corrupt his ninja way as killing without a fair fight goes against his beliefs. He would likely struggle with the moral implications throughout the story.
Naruto would first be extremely confused by the rules of the Death Note. His understanding of power and its consequences is rooted in his ninja training and his own moral compass. The Death Note's rules, which seem so simple yet so deadly, would be completely foreign to him. He would question why anyone would create such a thing and would be very hesitant to even consider using it, as it goes against everything he stands for in his world of ninjas, friendship, and protecting the innocent.
The shinobi world's reaction would be complex. At first, there would be disbelief. Many would think it's some kind of new genjutsu or a hoax. But once they realize it's real, the more superstitious ninja would see it as a curse from the gods. The Hidden Sand Village might see it as a potential weapon against their enemies, while the Hidden Mist Village might be more cautious due to their history of bloodshed. The shinobi academies would start teaching about the Death Note as a new and dangerous threat. There would also be a black market for Death Note information, with some trying to sell false ways to protect against it.
The character development of the villain could be so well - done. A complex and interesting villain can make the whole novel irresistible. They might have a tragic backstory that makes you want to keep reading to understand them better.
Well, Naruto's ninja skills and his strong sense of justice would likely clash with the concept of the Death Note. He might try to stop the use of the Death Note as it goes against his moral code of not taking lives unjustly.
In a Death Note and Naruto crossover fanfiction, Light Yagami might see Naruto as a threat to his new world order. He could use the Death Note to try and eliminate Naruto. But Naruto, with his quick reflexes and sage mode, might be able to sense something is wrong and avoid the Death Note's power. Also, characters like L from Death Note would be very intrigued by the ninja world's unique abilities and secrecy.