I'm staying out of this one 'cos it drives you mad. Its really all about archetypes and the origins of language. While you are considering Lugh, Lug and Lud don't forget Lucifer - the bringer of light turned into Satan. Matches as sources of light were known as lucifers until recently . So it goes on.
Nicolai Tolstoi has a lot to say about the similariites between Lugh, Odin, Christ and Merlin in his book on Merlin - virgin births, triple deaths, sacrificed on trees and so on. Me? I'm still hung up on the shamanic, drum beating, teaching South American Wotan.
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