IThats the short version of course, and there was a whole time when the empire set up their own pantheon that deliberately used several elven gods so that elves would be safisfied and integrate into the empire. Thus we have the modern 8 divines.
And those eight divines act exactly how they're supposed to according to Imperial doctrine. They're not humoring us, either.
Ever notice how Akatosh is a god that defends the integrity of the Empire and the Mundus, while Auriel is a pro-elven spirit that would just as soon see his followers destroy the world and reclaim immortality? They're both the same Time God, yet they are polar opposites and each answer their worshippers' contradictory prayers.
And that's because mortal worship created different personas out of the original spirit.
There's also Shezarr, who played nice with elven citizens of the empire after being watered down from the bloodthirsty Shor. Then people stopped worshiping him and he disappeared.
The Aedra sacrificed their immortality (as in, the integrity of their identity and their self-definition) when they took part in creation. As one of Bethesda's writers said, "we are their true parents."