Great first post Lionhawk, welcome to the forum
Yes, my understanding of 'Namaste' is that it means:
I bow before the God in you.
Or,
God in me bows before God in you.
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To me this is a very real statement, and an important understanding. God lives in the heart of every person, literally. Each one of us has a 'three fold flame' a God flame in our spiritual heart, which is a divine spark from the God head itself. It is our divine individuality and who we really are. Each of us has a totally unique and beautiful God flame in our heart. When we say Namaste, we are bowing before the God flame in the heart of the receiver of this blessing.
Namaste to all of you.