No, I suppose not. I'll come up with a better way to say it when/if I find out if the Godhead is Bethesda or the player (or both).

I see the Godhead as anyone who creates something in the game. Just like different people at Bethesda came up with different characters, locations, quests, etc, I am the creator of my own character and their choices. Their background, their name, their motivation and destiny is all my design. Even more so if I'm a modder.

Little does my character know, they have their own personal god.