No, it is not.

Let's break down the equation:
» Believe no God = No belief in God
» (Yes) Believe No God = (No) Belief God
» (Yes) Belief = (No) Belief
» Yes = No

Obviously, it is illogical. One can't dismiss this as "purely semantics". It is actually indicating a subtle, yet critical issue.

The difference is the level of assertion.

Belief Scale

Not having a belief is not accepting a claim as true. If one actively believed there was no god, that would be accepting a claim as true. One who lacks a belief is waiting to find out what's actually true.

It is the difference between Innocent, Not Guilty and Guilty.
It is the difference between Positive, Neutral and Negative.
It is the difference between Confirmed, Pending and Falsified.

Many atheists are "neutral", in that they are not necessarily accepting that a god absolutely does not exist, but rather are waiting for theists to demonstrate their claims, using the scientific method, preferably.

Colloquially, most people think of this position as "agnostic", but in fact, it is both. In short, agnosticism deals with what is knowable, and atheism deals with what's believed. Most self-described atheists describe themselves as "agnostic atheist".

Edited 10 times - Last Modified Jul 01, 2011