To elaborate on the Mall in another hotel room conundrum...after three viewings I've decided he isn't dreaming (or if it is a dream, it's Nolan's dream he's sharing with the audience).
Cobb's memory's are already messed up (fuzzy line between reality/dreaming) because the characters are young (when we learn they should actually be old). His subconscious could very easily put Mall in the other room as a manifestation of Cobb's own helplessness.
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