I think that both 'intelligent design' and 'God' are each operating in two different modes here.
1) ID posed as an explicit challenge to the scienctific fact and theory of evolution is poppycock.
2) ID in the sense of the OP, posed simply as an explanation (or even justification) for what might be considered 'irreducible complexity' - that for which we currently have no physical explanation - is not poppycock, but as far as its material implications, it collapses completely into scientific evolution.
3) Conceptually, God is doing two things here as well. First of all, he exists. Secondly, God is employed as an explanatory tool; the observable facts of the world are linked to His will or Design.
These two aspects of God are logically quite separate. It is possible to have faith in God's existence without bothering to link particular facets of the world with heavenly design. So yes, there is no internal contradiction in stating - from inside a perspective of faith - that God created evolution. It is problematic only, as rb pointed out, in the context of a literal defense of the Bible [this falls under (1) above].
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