It is more toleratnt because it admits that all religions have validity, rather than insisting that only MY way is right, and everyone else is going to Hell.
My personal opinion is that there are three different concepts of Deity.
1. Gods who act just like humans, but with more power. (Zeus, Hera, Iuppiter, Iuno, etc.)
2. Same as #1, but they include a moral message.
(Yahweh, Jesus, Mithras)
3. A completely unhuman God, not god #1 or #2, at all, but rather the power of love. (Read 'The Cloud of Unknowing.' Also, read Zenna Henderson's stories about The People.)
You really can't lump deities of these three types all together into one.