the last time i had that issue, was when i did a Toyota v6 caliper upgrade on my sas sidekick, basically once i put the larger calipers on it, my master cyl was not large enough to flow enough fluid to the larger pistons inside the calipers.
is it possible that your master did go bad, but the first replacement master was the wrong size (say from a 2.0 4 cyl) and when it was replaced the second time, it was replaced with the same wrong part because they just matched it up to what was on there?
on another note, has anyone looked at the linkage under the dash to make sure nothing has bent or come undone? i have seen (only once) the bracket that holds the brake pedal assembly, the weld broke, and when the pedal was pressed it would go down and put a bit of pressure on the master, and then just bend out out of the way, to make it seem like the pedal was being pressed to the floor.