Absolutely agree. The loss of prestige journals would be salutary and force researchers to focus on content, not cover.
GK Marinov, BJ Wold, and colleagues analyzed the quality of nearly 800 ChIP-seq datasets in the NIH GEO database (see figure S8 in their 2014 G3 paper: https://doi.org/10.1534/g3.113.008680 ). They independently scored the quality of data generation and analysis and then compare their summary quality scores to the journal impact factor in which each dataset was published.
Can you guess the polarity of the correlation? Yes, it was negative, and consistently so over a five year span.