Yes, that ties in very nicely to concept of exceptional mortals being very capable of arising into godhood, which was a major high-caste (priestly-warrior) function of the kinds of sacral-sovereign elites that were often buried in actual mounds within the Aryan (Indo-European if you’re squeamish) cultures speaking all of the languages mentioned, at least in their most primaeval times (that we know of).
Following on that, to be well and truly pedantic I must stress that these etymological meanings only -do- carry weight within those cultures that spoke those particular languages (or are related to the hypothetical ‘proto-languages’ preceding related languages) - as a magitian, I profess to understand the language(s) we speak to be indicative of the extent of ‘reality’ (realities?) that we can grasp.
For instance, I’ll bet that the (non-IE) Ancient Aegyptian word for ‘god’ bears a completely different set of underlying associations, and I for one would be very interested in knowing them since they were (to my knowledge) the first known civilization on this earth to highly structure the Ascent of their rulers as gods (in my UPG the physical and metaphysical structure of the Pyramid is a sign and a template in this). Likewise in common with many early civilizations they shared similar views on the signifance of language to mine, and Thoth was said to be the instigator of language as a magickal expression. Well, just food for thought.
The final part of this post should be prefaced with a major UPG ALERT because it is purely my personal and highly subjective input on the final paragraph of the OP, and since I had the main dream inspiring it (I’ve been working with Nyx and several of her children in succession lately, especially in terms of gaining insight even while I rest) the night before seeing this thread I want to at least include it in case the synchronicity provides some little inspiration to someone or some someones who might need to run across it. If you don’t feel like this getting any weirder, please stop here. 
Once again, UPG ALERT: the information to follow is at its most relevant only within the events and patterns within my individual life and those most immediately close around me, especially how they may present themselves in terms of ‘cosmology’, ‘Weltanschauung’, or ‘big picture’ - even I myself don’t think of them as literal absolute truths the way many so-called prophets have done with theirs. To my belief, they are -signs- and -symbols-, little refractions of the even bigger picture that our own limited attempts at rationalization then attempt to assign meaning to (sometimes more than is due) - they are -one- single angle or side of the thing to view, and not truly indicative of the whole - often I feel that I just perceive what I’m currently able to, no more, and I do not ascibe absolute Truth to them but only what I’m capable of understanding and acting on at the time. I believe true inspiration is to be a living and growing thing, not codified in some withered and arid book of the dessicated desert. So much for UPG. If you’ve read this far already and have had about enough of me not shutting to hell up and finishing my overlong sentences, I also beseech you: turn back - before it’s too late!
A couple of more things might need a little clarification to the casual reader (is there such a thing, that will make it all the way through?) before launching into the vision itself. First, there will be some mention of a ‘Śaktic principle’ given the convenient masque of ‘NYX’. This bears out a Tantric-informed conception of our universe that has stood up well under the scrutiny of my particular experience of testing the bounds of this thing we inhabit. The extremely simplified mangling of this elegant metaphysical understanding might be summarized as two principles - a regally static masculine embodiment of Form that we might call Śiva gravitating in the direction of a spiritual principle, and a powerfully active feminine embodiment of Energy that we might call Śakti gravitating in the direction of a material manifestation - eternally creating the Kosmos through the ‘dynamic tension in ascent’ of their sexual union. Just as ‘Śakti’ itself is nothing more than a convenient name (a masque) for a broad principle echoed so aptly in von Goethe’s ‘Ewige Weibliche’ in the conclusion of his Faustus, so is ‘NYX’ in my own UPG, a particular ‘form’ through which my mind can best, at present, grasp contact with this ‘Śaktic principle’ (just as the masque ‘Óðinn’ has proven my mind’s best grasp of a greater ‘Śivaic principle’). Does this make them absolute, “objective” truths? Of course not - they’re furtive glimpses from where we humans whirl and spin in a solar system that you just may realize along with me to be a very dark corner of a smoky and noisy room. Which does not, in my experience, disqualify them from manifesting as very personal and personable entities to some of us.
When I say that this is my third vision of this entity, I reveal it alone for what I think are good reasons. The first vision was beautiful, breathtaking, glorious in storm and stress as it was in scope and scale - but baffling and mysterious on all but the most vague and distant implications - in other words, useless, at least right now. Pretty pictures and a wonderful illustration of what the human mind can connect to, but not practically good for anything other than yet another apocalyptic vision useful only for being misunderstood and re-interpreted by every religious imbecile too lazy to have their own experiences. The second was eminently practical, but by and large very personal - I will briefly return to it at the end of my account of the third vision to present a final curiosity, but the entirety of that vision is not exactly ‘for the public’ just yet. Which leaves us this, and the ‘practicality’ of even this one, I imagine, will only be for a few. But even if it speaks to just one…
The following is quoted from my journals, and will be a bit rough but, believe it or not, briefer than it would be otherwise because of this:
"This is the most recent of a few visions I’ve had about the ‘Old Testament God’, that I personally have ended up calling Ialdabaoth just to keep my preferred distance. I do not personally go for the title Demiurge any longer, because like Lady Eva opines in her OP I have come to (currently!) understand his role as not truly creating even in a demiurgic capacity but trying to absorb, lie about, and take credit for pre-existing things which he encounters, all as a part of some disturbing gluttonous psychosis to always engorge on more and more, which I’ll explain ahead for anyone actually interested. This thing (I have rather old-fashioned standards of manhood, and think that the male characterization has been about as truthful as anything this entity has presented to its dupes) has displayed to me the ambitions of an usurper, and it wants to become a true Monotheos - it wants to destroy and scatter and suppress other gods, depending on their strength relative to the Pretender.
"I haven’t really fixated on this ‘issue’ in the past, I’ve thought Gnosticism was an elegant classical attempt to make sense of Christianity but didn’t really think of any of this Middle Eastern stuff as anything to spend my precious time on, it really wasn’t important to me other than when the beliefs of the masses have affected my plans. But, and again this is only my personal gnosis, this has been presented to me as an issue, and that by some very powerful gods in their own right, many more powerful than Ialdabaoth (and much as I don’t care for the fact, my recent UPG obliges me to admit that this Middle Eastern Monotheos is certainly powerful and utterly without scruple or shame) but still recognizing it as a considerable obstacle to be worked around in this world and this time.
"Last night I saw again the attempting Monotheos, this time in the guise of an insatiably ravenous pig-like beast. It did not create anything truly original, but it rather sought to swallow whole all of existence, dooming whole universes within itself in an attempt to glut itself ever more. Even its eyes were mouths, for no sooner did it have sight of something than it needed to devour it. Indeed, whole universes continued to function in a slow death-throe wind-down within the horrible holy potbelly for, relativistically speaking, vast spans of ‘time’ - doomed nonetheless. In cases of sentient life whose galaxies had been so gobbled, the ‘digestion’ process was often aided by ‘breaking down’ complex life forms into baser, simpler component elements, and true (not fashionable, faux) individualism integrated with high culture was the greatest impediment to this digestive dissolution, which often took the form of a ‘trend’, ‘movement’, or ‘tendency’ among the devoured organisms and their societies that tended to the breaking down of individual and cultural complexity of structure.
"[we’ll call this person Henricus] and I were in one such swallowed star system, with a natural aversion to the trends induced for the sake of complete digestion, although by this point in the dream we had no wider recollection of the vaster picture I described before. Those under the control of the trend to digestion were influenced to try pressuring us to submit to the process they, in all likelihood, lacked true consciousness of. Knowing that we would not be a part of their sickness willingly (though they no doubt thought themselves paragons and arbiters of health, of morality, even!), the group of infected instead invited us to talk to our friend, [we’ll call this person Mattathias]. Warily, we accepted.
"We were led into an area under the control of those wholly devoted to the ultimately-suicidal impetus, and while that space’s material comforts and refined luxuries were displayed prominently for our temptation (I say this not as a pleasure-condemning moralist, but someone who is convinced he saw a trap or a ruse), those who went through the motions of “enjoying” those things lacked to us any semblance of individual awareness or vibrancy of life. Finally, we saw [Mattathias] seated at a table, but much changed. He certainly looked powerful and commanding and certain where to an extent he had lacked those qualities before, in the waking (?) world. He even seemed to retain a degree of individual awareness that the vast numbers of his fellows lacked, although it was strange - the eyes still betrayed just a hint of the personal identity that we knew, but it was as if through the thick haze of drunkenness or fever or pain. He seemed simultaneously in the flush of euphoria and the last ghastly vitality of a nervous illness, and when he spoke it was very disturbingly like something very much else was speaking through him.
"He spoke mainly of how much better off he was now, that placing his allegiance with the ‘only real’ power of the world had easily granted him all that he could have wished for. But it was not truly him, and I did not think anything good had happened to him. [Henricus] and I shared a troubled look, but knew that we had to be very careful here in this stronghold of this unnatural and unwholesome power. I said that we certainly had a lot to think over, and we stood up to leave, maintaining a high reserve. There now appeared to be a ring of other soulless flesh puppets around us, and the one that had delivered the invitation said that yes, we did. They were not going to let us leave, but seemed in no hurry due to their fanatical assurance. At this point in the dream I remembered NYX, and the Śaktic Darkness both superior and anterior to the desolating abomination I now knew as Yahweh or Ialdabaoth. I told [Henricus] that I could secure our escape and began using the Darkness to twist a ‘hole’ through which to exit the trap, but [Henricus] was taken aback and could not believe that following me through this inexplicable tunnel through his perceived reality was any better than the hopeless and horrifying situation in which he already stood at bay. I entreated him earnestly to follow me to safety and actually be able to do something about the abomination, but he continued to balk and refuse, sealing his doom. I escaped, and he did not, as far as I know.
“After this, I was somewhere else entirely, continuing the process begun in the last dream of NYX (a kind of crash course in ‘becoming a [decent] god’).”
Once again, I don’t claim that’s the truth - but I think it is one particular ‘slice’ or ‘angle’ of it, and these slices when received separately and compared together lend themselves to this view, in my opinion, like my initial dream meeting with NYX after first pacting with her (and some other complementary entities, my ‘personal pantheon’ in an ongoing project that I hope to be able to share more about to anyone who doesn’t balk overmuch at my particular degree of insanity), where Ialdabaoth was rather a party-crashing outcast barging into a meeting between the goddess and I as his desperate and painstakingly planned seizure of (obvious/apparent, at any rate) power. In this instance NYX revealed that she was both older and far more powerful than Ialdabaoth, and he did not dispute this or her ability to destroy him: instead he revealed a certain base but practical (for one such as him) stratagem he had enacted, which I should not go running my mouth about publically. NYX gave me a hint (since Ialdabaoth was present) about how to undo this at the right time, and left assuring the Usurper that the bounds of Time extended far beyond his individual Destiny, and when he was no more she would remain, and Existence would not miss him. Angry but consoling himself with the pride of victory, he did not even care when I left, since I was only a mortal, and he planned on being the -ONLY- god.
So you see, I’m not saying that we’re literally in a kind of Matrix consisting of some jealous Jewgod’s stomach - only that that was considered one apt comparison, of many, in illustrating a major spiritual ailment of our world (that some of you may think is not really a bad thing, and that’s fair!) that I was not really concerned with but apparently demands attention in -my- life and Path, at least. The skillful means of the doctrine of the burning house in the Lotus Sutra certainly bears some thought, here.
On this note, using the Devourer as an allegory, the proper method for ‘breaking free’ involves, to my personal understanding, cultivating true individualism (complexity). That alone can serve as a resistance to the allegory of digestion. Actually ‘breaking free’, though (this is still firmly in UPG territory), required the -heights- reachable via a high culture whose primary orientation or civilizational goal is Ascent - and getting back to my peculiar architectural obsession, the Pyramid was suggested to me as a highly appropriate manifestation of this drive, much as the first dream saw NYX telling me that the best way to defeat the Usurper was to become a god myself, and encourage others to do so. Finally, to finish up with making this really weird, this particular bizarre bit of UPG also sees NYX and many (or perhaps all; my gnosis really limits itself to entities that I work with heavily, or when entities are spontaneously presented to me it’s an indication that they are -becoming- important in my work) of the ‘old gods’ as outside this (allegory of…?) universe-swallowing, and (yep, still UPG) of having origins very similar to all of us and (certain of them, at least) to have a passion and drive to make contact with us even ‘on the inside’, to see if some of us will ‘break free’. But I don’t pretend to sanity, only to having some strange ideas to present that may hopefully be of interest or spark a productive chain of wondering among some of you! Don’t worry, I’m not taking any of it literally and opening the doors of my very own UFO cult. Yet?
Since many here are interested in and several practice the LHP, I hoped this might be interesting, as well as its uncanny co-inciding with Lady E’s last paragraph in the OP.
If you actually read this, thank you for your time and patience, and if the OP deems any potential discussion on this in particular as veering too far away from the original intent, it can either be split into another thread or discussed via PM, although I am super super busy with some personal projects right now and will continue being very scarce on here beyond lurking in some of the subfora relevant to what I’m working with right now.
Happy run-ons from hell,
Claidheam
EDIT - For cleanup and clarification, in anticipation of being referenced in an upcoming Bigass Index of UPG and Personal Practice
with that being said though… there are a vast array of personal experience going on… perhaps the belief of we are “God” experiencing itself holds some value…