As a polytheist, I have a bit of a different take on this. There are many gods, and each concerns him or herself more with different aspects of human affairs, and pantheons concern themselves more with different cultures. As a Heathen, I honor the Scandinavian/Germanic gods and goddesses, who I believe still concern themselves with people culturally tied to those who first revered them. By cultural ties I mean physical ancestry, linguistic ancestry (English being a Germanic language), and other such cultural ties (Many of which survived the long millenium of total Christian domination of said culture).
Some heathens and pagans see the gods as personifications, or archetypes. I tend to see them as real beings, whether they were given life by human thought or were the progenitors of it is irrelevant to my relationship with them. As a polytheist, I do not expect perfection or unification of all things in any one of the deities, rather I know them as farther up on the ladder of being (if there is such a thing) than homo sapiens. They are our tutors and guides, and one day we will be their peers. But while they may tutor or guide, they may also ask a gift for a gift, and expect from us as much as we expect from them, whether service in a task or blessings given them from our own wealth.
The gods I know also do not seek nor want universal reverence or worship. We don't proseletyze for them. If they call you, you'll know it.
So, in my religion the concepts of omnipotence and omnibelevolence are out the door, as is the concept that humans must seek to be "good." We should be honorable, both with respect to the values in human society and with respect to our dealings with the gods. But Odin might call upon me to be a ruthless b***h from time to time. He has an important agenda, and can't always be nice about carrying it out, either.
breastfeeding, babywearing, homeschooling Heathen parent to my little Wanderer, 7 1/2 , and baby Elf-stone, 3/11!