Along those lines yes. One detail not often considered about the Fourth Word is that it is a very broad representation of humanity's conception of Heaven and Hell.
Evil Apokolips with its fire and darkness is the visual epitomy of what we have long accepted Hell to be like. Idyllic New Genesis, with its constant sunshine, wonder, and rolling fields, is the embodiment of our idealised view of what Heaven should be like.
Whether these worlds are literal manifestations of humanity's inner souls via The Source, or some universal totem for Good and Evil, is open to intrpretation. But it is very clear that the New Genesis/Apokolips war is that of light versus univrsal darkness.
Maybe the new gods are reaqlly humanity of a far distant future time manifested now at the present time, like a Dr Who time loop ?