I thought so too before the episode "The End of Time". When Rassilon's plan to make all the time lords pure energy/consciousness was revealed and that it would kill EVERY other living thing in the galaxy. It wasn't just the carnage of the war that drove the Doctor to use the moment. It was his desire to save all of creation.Since the timelords were about to cross the line that not even the Dalek's were capable of crossing.
"The needs of the many, outweigh the needs of the few" kind of thing.
The Dalek's along with Davros were ready to wipe out all of reality, evrey reality in "The Stolen Earth"/"Journey's End"
You know, you are right. I forgot all about the reality bomb. It is a brilliant contrast that both the Daleks and the Timelords are equally despicable factions in the time war.
I think that is my biggest problem with TDOTD. Moffat not only rewrote Doctor Who history but he did it in the worst possible way. He whitewashed the history of the timelords. You watch episodes like "The Night Of The Doctor","The End of Time", "Trial of A Timelord" (there are others I can't recall atm), it apparent that the timelords are not a race worth saving. Yet Moffat glosses over that and uses the 2.47 billion children of Galifrey as a "shield" to defend his decision of restoring Galifrey. He presents the timelords as some noble victims of a tragic war with the Daleks. When we know it was The timelords who instigated this war. Rassilon (The high president) and the council had decided to initiate The Final Sanction, which would destroy all of creation and elevate the timelords to a status of pure consciousness. This is given one line of dialogue in TDOTD. When The Doctor presumably finds Galifrey. What is to stop Rassilon and the council from iniating that plan again? The time war was over by the time the council escaped the time locked events. Yet they still intended to carryout The Final Sanction when there was no need to.