I presume you're talking about Saltheart Foamfollower, the Giant? Yes, he does die, but he does so defeating Foul in one of the greatest Crowning Moments of Awesome and Heartwarming *ever*. I normally HATE having good characters die, and I certainly would have been happy to see him come back (well, he does, sorta, at one point), but that's one of the few "good main character dies" sequences that I both understood and felt reasonably good about.

One should note that Covenant feels the same way we do about that; when given, effectively, a wish by the Creator, the FIRST thing Covenant asks for is "Save Foamfollower". Not "keep me from dying".