DracoSuave
First Post
Perhaps so, but it's not "fear damage", nor is it "any other [i.e., non-damage] ill effect" of a fear power. If the psychic damage is a fear effect, then the lightning damage of Lightning Serpent must also be a poison effect, which seems questionable at best. (And for the record, WotC CustServ says that a creature immune to poison still takes the lightning damage.)
Every effect of a power with a keyword foo is a foo effect. The reason damage is singled out is because there are additive effects that can apply extra typed damage. So, if you have a racial that adds +1d8 lightning damage to a damage roll, immunity to lightning would kill that lightning damage. But if the power itself was not a lightning power, it would not be effected.
However, if the power -was- a lightning power (say, the extra damage was because of an item power with the Lightning keyword), then the entire effect of the power is negated by immunity to lightning. The damage is a lightning effect. The immobilization is a lightning effect. The ongoing poison damage is, in fact, a lightning effect, because it all has the Lightning keyword.
Contrast with powers that -are- exceptions. For example, there's a power (or 5) in Martial Power that says 'Make a secondary attack. This is has the fear keyword.' The -power- does not have the fear keyword, so immunity to fear does not negate the effects of the power. However, the fear keyword on that one attack is -explicitly- laid out, and so immunity effects it, and only it.