I don't think so since your evidence would merely be additional evidence to what we currently have in regards to whether fairies could exist and the evidence we already have is against the existence of fairies.
Can something only ever be defined as evidence in association with other observations, then? It still seems to be assuming a conclusion and then deciding something is evidence in favour of it, rather than being led to a conclusion through the observations.
It's a bit like stating a murder weapon is evidence of a particular murder only in retrospect after the crime has been solved. If I have a bloody knife and a man's fingerprints on it, it is evidence of that man having used it to kill somebody up until it has been determined convincingly otherwise.
Often when a claim is made for say fairies a counter argument is "you can't prove a negative", and whilst that truism is useful for some claims it isn't for many others.
I fully agree, and think it needs to be put into context. As you go on to say, there are parameters you can put on a field which means a negative can be proven. 'In this limited field of X items, Y does not exist'. However, science is not full of a known number of items. The field, while perhaps not infinite, is unknown. We can conclude that stating fairies exist is a useless statement, but we cannot state definitively that they do not exist. It's just not a statement that can be made outside of a specific set of boundaries.
Obviously we don't entertain the notion that fairies exist, particularly on flimsy evidence such as somebody saw it. However we could still argue non-parsimonous situations where fairies could exist.
If I knew nothing about the history of fairy claims, if I did not know what I do about how the world (appears

) to work and you said you'd seen a fairy I'd say that
then it would be evidence that I need to consider that you'd seen a fairy.
This idea disturbs me, however, as the practice is to assume that a conclusion is concrete and final. I don't think we need to go through history's examples of why such an approach is is dangerous to scientific progress.
However since I already have access to a mass of evidence that rules out fairies existing, I have to evaluate the new evidence of you seeing a fairy in light of all that evidence as well.
Why 'rules out'? I'll further dig my grave here by going even more ridiculous - there is no 'ruling out' a Matrix-style universe, other than it being against parsimony. As much as I despise metaphysical notions of laws external to what we can observe, they cannot be ruled out. We don't use them simply because without reason to acknowledge they exist, they are superfluous. However parsimony isn't a universal law - it is a useful assumption about how the universe works.
This is where Sagan's truism "extraordinary claims require extraordinary evidence" comes into play, to overturn the current "extraordinary evidence" we have for the non-existence of fairies we need evidence that is in itself extraordinary. I'd suggest in the case of fairies this probably would require the capture of a specimen. (Watch out Tinkerbell!)
I agree that in order to outweigh contrary evidence and support fairydom (is that a word? is there a fairysub?

), there needs to be extraordinary evidence. However, that still not mean observing a fairy is not evidence for one - it just means it on its own will not lead to a conclusion in support of the inference.
Null hypotheses are assumptions, or straw men. At some point you need to invoke assumptions and then you test them. Practically I don't think it matters too much which is the null.
I agree with all of this except for the last part. Maybe it's just how I've been taught, but I find it difficult to see the merit in starting with a hypothesis which starts with the assumption that something is true. Starting with 'there are no fairies', this is a position which can be falsified. Until that happens, you cannot state either way with 100% certainty. The thing a lot of people trip up on is equating this with the statement 'there could be fairies', which isn't quite the case. Any notion of fairy existence is useless information which cannot be used to make a worthwhile prediction.
Statisticians (especially econometricians, which I am supposed to be able to do) prefer to reject a null hypothesis as the orthodox way to derive "proof", but I am not convinced that their techniques would not be equally valid if they were to set up tests to accept them. It's concerned with "general to specific" but I forget why (Even though I am at work and could look it up)
If anything, you've given me food for thought. I'm more than happy to be swayed on this point. Thanks.
Athon