If one of the creatures blocking the creature with menace dies before damage is dealt, the menace creature is still considered blocked
I fall closer to the second camp, but I think anyone can see that the list makes sense within the context of the format
At the same time, the Dragonstorm's second ability triggers, bouncing it back into your hand when you have a Dragon come into play
The token copies exactly what was printed on the original permanent, with the listed exceptions (unless that permanent is copying something else or is a token

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Returning any creature from your graveyard to the battlefield after a creature with an impostor counter dies is like a win-win because you still get to keep your value engine running even as your creatures die