To be honest, I'm not so sure this would be a bad thing. I think most, if not all, would agree that the HOF has many undeserving members. The HOF should be for the elite players, and not necessarily the stat compilers. Yes, I know those kinds of players have been around for a long time, and many of those just shouldn't be there (Don Sutton for instance).The Hall of Fame a lot of these "He's in the Hall of Very Good" people want would be the most boring and meaningless Hall of Fame in existence... where 5 players every 10 years make it. Yay.
And for the Steve Garveys and Gil Hodgeseseses of the world, if they haven't made it by now there's a reason. They simply don't belong. It may be a cliche, but as many have said over and over again - it is the Hall of Fame, not the Hall of Very Good. The HOF should have players in it that consistently were the "100, 200, 300, etc" guys in Topps sets, along with a sprinkling of "50, 150, 250, etc" guys. If your bubblegum card consistently had a single 0 or a 5 at the end of it, you belong in the HoVG.