The most intriguing about those theory is about this
Quote:
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The first clue that is given to us by the author is the simple fact he wears a mask. If everyone knows what Madara looks like, it’s a little strange that Tobi tells everyone he is Madara but doesn’t show his face.
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If you go back in the episode after itachi died, Tobi shows his face to Kisame, and the rest of Akatsuki I think didn't even know what Tobi looks like even Pain. Why is that Tobi only shows his face to Kisame.
That really disturbs me.