I'm loving the bearded Jacobi - I'd loved to have seen more of his Master on TV BTW, it doesn't necessarily have to be Romana - Big Finish have never done anything set in the Time War proper, just the outskirts - so perhaps she was deposed fairly early in the war, and your (quite frankly fantastic) picture is canonical after all?
I absolutely love this image, let me just say that. It's perfection. But, and I hate to be that guy, even though Derek Jacobi is awesome and he's a great Master and seeing him here as a young Master in the Time War is brilliant, it's stated in 'Utopia' that the Master, after he fled the Time War, was found as a small boy. This means at some point after fleeing the War, he regenerated whilst using the Chameleon Arch.
First, thank you for loving my work, but it is not perfection. Also Romana should be president around this time period not Rasilon, but if it were all accurate, the image wouldn't be anywhere near as cool I don't think