As a long time F1 fan, I don't feel like the weekend is 'broken'. Yes, the practice sessions aren't as interesting as the race. Nor is the drive to the track, the waiting in line for porta potties or watching the stewards get into position around the circuit. if you only want to watch the race, then just watch the race. Honestly, I don't have the time to watch 27 hours of F1 coverage per weekend, and if it all becomes 'required' watching, I might not watch any of it.
HOWEVER
I sort of like the idea of F1 teams showing up without any sort of practice and just racing. We all know that bulletproof reliability is what makes the sport dull, and bulletproof reliability is what practice gives us. Turning the engine on for the first time all weekend for Q1 and hoping you've got everything right will make the sport FAR more intense. Especially if it has to last Q1, Q2, Q3, a sprint and a race. No idea if the aero is right. No idea what the tire 'activation' is really like. No idea which kerbs can be taken full speed and which need to be respected.