I'm sort of under the impression that it's meant as an allegory about relationships.
The girl starts off with this romantic idea of the "perfect guy".
Handsome, youthful, adventurous, never able to be tied down or held back, throwing caution to the wind. Carefree, but no-nonsense.
She's told to get over it, and to stop telling others of how marvelous this "perfect guy" would be.
Instead, she meets the incarnation of her "perfect guy", and he whisks her away from everything she's ever known, in a quite literal fairytale way.
Only, once she's there, she sees more and more that he's not really "perfect", even though he's everything she's ever dreamed of. He womanizes, he battles personal demons, and antagonizes everyone around him.
Her brothers serve to give expository to the audience, as they often question what's going on with the world, a foil to the girl's constant explanation of how the world should be.
Throughout the story, she never gives up the role of fantasizing what way things should be, while she suffers horribly at the hands of the "perfect" guy and the world he's whisked her to.
Ultimately, she finally realizes the foolishness of thinking how things "should be" compared to how they are, and opts to leave behind her "perfect guy" and his "perfect world" for a more mature and sensible life.
She never really does give up on the concept of the "perfect guy", but he(or the thought of him), visits her less and less as the years go by.
Disney had a desire for all of his heroes to be, well, heroic, and Peter Pan is no exception. Unfortunately, the source material, Peter is merely the catalyst of a whole cascade of villains and unsavory characters. So as much as Disney may have tried to make him seem more friendly or playful, there's no way to turn the disgusting villain into a character anyone really likes.
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