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In the end, what matters is who won. Cloud didn't die like a bitch, therefore he wins. Also, if Cloud was truly dead, they couldn't revive him. He's apparently strong enough to survive a direct gunshot; if he can throw Sephiroth into the Lifestream while being impaled, that isn't much of a stretch. Also, keep in mind that Phoenix Downs or conventional medical technology will only work if the patient isn't dead; hence, why Aeris couldn't be revived. She wasn't just KOed, she was out-and-out killed.
Sephiroth is insanely strong, but he's deluded, and he made mistakes.