I think the most concise answer is no and yes. Many people seem to think that God is not fair and they are 100% right. As a matter of fact God is incredibly unfair. John Piper writes that when you insult someone, the offense grows with stature. In other words, if you slap me on the cheek, I might slap you back. If you slap your mom on the cheek, there might be more serious consequences, if you slap the President on the cheek, you might go to jail for a long time. If you slap God on the cheek (figuratively) by your actions and your sins against him, it is punishable by death.

Therefore when God says to himself that he wants to create people so that they can enjoy his glory and splendor (tangent: the world was a reflection of God's glory and splendor at one point and still can be seen in the beautiful natural scenes and even in the urban worlds.) and that he wants us to get the most contentment out of life by following his rules, and yet we break them. Is not God more than generous and gracious to not put an end to the world on the spot?

I read a book once that portrayed a young girl who had a chance to create little beings in her own litte world. She made them and as such, they were like her children. They loved her and she was crazy about them. They were only about two inches high but she would talk to them, show them things, and play with them. Then one day, one of them was heading to jump off a table. She ran to him and said, "No don't do that you will get hurt." Even though you and I know how foolish that would be for a two inch-tall thing to jump off a table, the being was angry that his freedom was being usurped. From that point on, the creatures did not trust her and finally they did things that the girl had told them not to and they got hurt and then they blamed the girl for it.

I think God is more than fair when it comes to us. He has revealed Himself to us in two ways (I believe) generally in Creation, which we are a part of (ask doctors if they can deny an intelligent Creator) secondly he has specially revealed himself through the Bible. (More later on how the Bible can be trusted, for now we assume that the Bible is fact.) Proverbs 21 says: "To obey the Lord is the fundamental principle for wise living; all who carry out his precepts acquire good moral insight." Try it.