Absoluely not., Big 'who cares'. And everyone still considers the Master a Time Lord, geez.
You're grasping at silly straws, Eclipso. No-one cares. And RTD has happily shat over continuity- Doctor Who doesn't even really HAVE a fixed continuity anyway. We just had a story where the doors were opened in flight, which at least two stories have said was impossible, and in which a tunnel was bored down to the centre of the Earth, a situation which contradicts both Inferno and the Dalek Invasion of Earth- two rather notable stories!
Get used to it- no-one cares about something so trivial that most people watching won't even know about. Master = evil Time Lord. Qustion = why didn't he die in the war? The tv movie won't enter into it any more than his previous re-appearances cared much.