Although he's writing in the Middle Ages, I've often found that Rabbi Maimonides (Rambam) has many valuable things to say about Hebrew, the Torah and Tanakh:
"Some years ago a learned man asked me a question of great importance; the problem and the solution which we gave in our reply deserve the closest attention. Before, however, entering upon this problem and its solution I must premise that every Hebrew knows that the term Elohim is a homonym, and denotes God, angels, judges, and the rulers of countries, and that Onkelos the proselyte explained it in the true and correct manner by taking Elohim in the sentence, 'and ye shall be like Elohim' (Gen. iii. 5) in the last-mentioned meaning, and rendering the sentence 'and ye shall be like princes.' Having pointed out the homonymity of the term "Elohim" we return to the question under consideration" (Guide for the Perplexed I.2).
Friedländer tr. , http://www.sacred-texts.com/jud/gfp/gfp012.htm