I think there is far more to it than that. Take for example the question of creation. It could be possible that our Universe was created, but not designed (
http://arstechnica.com/science/news/2006/08/5027.ars). Under those conditions, the creator would not be able to intervene in our actions (unless he/she/they destroy the Universe), so they couldn't really be classified as evil or immoral. Which also leads to some interesting questions: If this Universe was created by beings in a laboratory, and they somehow managed to convey this information to us and threatened to destroy the Universe unless we worshipped them, how many people would actually do it? Etc etc.
Either way, as far as "God" goes, colour me apathetically agnostic. Nothing meaningful can be said about the existence (or lack thereof) of undetectable entities, so I don't concern myself with them. But unlike many atheists, I don't care enough about the topic to proclaim this view.