This discussion is had amongst feminist scholars often.
Should men be included parties when it comes to feminism? Is feminism for all of us? If it is for everyone, isn't it a misnomer?
On the issue of GLBT's "T", I've gotta say that we're asking people to stop viewing sex in "sex"ual terms, and start becoming more inclusive. And since that's what we're all saying, GLBT isn't a problem. however, I do think special attention should be paid to the specifics of what it means to be T (as well as the specifics of what it means to be B, and L, and G).
"Fundamentalism means never having to say 'I'm wrong.'"
-- unknown