In certain renditions of the original Pinocchio story, he does die. This could be as a result of various challenges and mistakes he makes along his journey, serving as a moral lesson.
It might be a romantic - comedy genre. The 'futari' (two people) aspect often lends itself well to comedic situations in love stories. And since it's a love story with a 'step up' which could imply some sort of development, it could have elements of humor along with the romance. For example, the two characters might get into funny situations as they try to move their relationship forward.
The Blue Fairy helps Pinocchio. She is the one who gives him the opportunity to become a real boy and also guides him in a way. She warns him about the consequences of bad behavior like lying.
No. Pinocchio is a fictional character from a children's story. It was created by Carlo Collodi. It has elements of fantasy like a wooden puppet coming to life, which doesn't happen in real life.