Yes, I would state that RESPECTIVELY the linguistic paradox shows the limitation (inherent lack of functioning) of both language and logic.
Language because:
Linguistic, merely because we're talking about language.
Logic because:
Paradox, logic fails within the same level of reasoning.
They can be 'separated'.
I believe that Einsteins QUOTATION can be used to address the same issue (paradoxes, the tripwire and basis of philosophy), even though it might not be meant in this way. That it can be used to not only answer 'scientific' questions concerning Einsteins field of research(his issues) but all philosophical questioning, and most certainly all questioning.
Because sometimes, it CAN be solved using the same logic and level of reasoning we used, but that's a given from which we already start to work and work by daily, always, it's what one could call logic, to continuously step up a level and 'meta' everything wouldn't solve everything either. Although that kind of thinking makes the man the philosopher.
The more you ask me to explain, the more subjective the explanation will become and perhaps less fitting to a universal agreement which we're trying to find here. In other words, you asked for it