ogon, in the sense that the devolpment and evolution of a population of organisms is not directed, it is indeed "by chance." Also, in the sense that mutations occur in genes that take a part in evolution, and these mutations are not directed to any particular goal, it is "by chance." In this manner of speaking, the answer to your question is yes, it is by chance.
However, as Dr. A points out, what happens to the population through time, and the manner in which the population tends to change, is not by chance and in some ways, but not all, it is rather predictable.
Populations tend to change in response to the selective pressures that are acting on them at any point in time. As in the simple example I contrived earlier in this thread, as the climate gets colder, we expect to see those organisms that are better adapted to the cold thrive. Although this is a very simple example, it serves to illustrate a point. Often those who do not understand evolution focus at the "randomness" of mutations and the "randomness" of how genes combine in each successive generation to try to establish that the whole process is "random" and that evolution happens "by chance." If this misunderstanding of the process were in fact accurate, it would be remarkable indeed if any sort of order arose out of the process. However, there is a kind of sorting mechanism, natural selection, that weeds out less efficient organisms. The selective pressures found in nature tend to push a population of organisms in the direction that will tend to maximize their reproductive potential.
Thus, while in one sense it is accurate to say that the creation of new species is "by chance," chance alone is completely insufficient to accomplish what mutation, genetic drift, sexual combination and natural selection accomplish when all operating at the same time.
I think we're starting to get a bit more complicated now, but I get the feeling that you do have a good grasp of the basics.
Those who would sacrifice an essential liberty for a temporary security will lose both, and deserve neither. -- Benjamin Franklin
We see monsters where science shows us windmills. -- Phat