Well, I just watched the video, possibly violating the terms. I couldn't wait any longer; I had to see what he had to say.
My position on God is unchanged. However, I agree fully with Carlin that the God he described, that is, the invisible man in the sky who watches over everything, does not exist. That is not the Supreme Reality: that's a form of the Personal God, who only exists within the psyche.
I agree that it is illogical to send someone to a place of eternal torture, yet to love said person at the same time. That's a contradiction that, as far as I can tell, cannot be reconciled.
It seems that Carlin is confusing religion with superstition, however: a common mistake. His position seems wholly based on the narrow-minded side of Christianity, rather than religion as a whole.
In other words, his argument is flawed from the beginning if he was really trying to make a point about religion in general.