If I am at negative life but not dead due to Angel's Grace/Phyrexian Unlife etc. would a Death's Shadow I control gain P/T via double negative?
Yes.
Giving a creature a buff or debuff to its power and/or toughness is one of the few places where magic can make use of negative numbers, and Death’s Shadow benefits from you having a negative life total if you can stay alive.
For example, if you’re at -10 life, your Death’s Shadow will get -(-10)/-(-10) = +10/+10 from its ability and be 23/23.














