I had a thought regarding Orion's coming back to life somehow.
We know that players dying in Eternum doesn't mean they die in the "real world" (with some exceptions like Benjamin), and that only dying in the real world means actual death. We also know that the line between the real world and the Eternum worlds is blurry at best.
What if the term "the Immortals" should be taken literally in the sense that there is no world in which them getting killed means actual death. The normal Eternum player isn't immortal because getting killed in the real world means they actually die, but the Immortals have no such tie to any world. Maybe the big reveal in 0.8 is that Orion is in fact one of the Immortals because when he dies in the real world, he's transferred to some Eternum world (or perhaps the Nexus where Idriel resides), and then he's able to transfer back to the real world at will.
One issue is that there's not a natural spawn point in the real world (in Eternum there's the portals), but I suppose his physical body might be it. We've already seen him dreaming about waking up in a morgue so that might be what happens. Although bearing in mind that it seems that their Pirate Cove adventure continues with interruption, perhaps he's simply transferred to the Nexus, has some cryptic discussion with Idriel about death and immortality, and then she sends him back to his body in the alley as if it were a portal. He decides to keep what happened to himself for the moment, walks back to Nova and they go back to the Cove.