You are very correct and I fully agree with your views. Indeed, 5 papers cited 100 times in 5 yrs are worth than 50 uncited papers. But it is an ugly truth of the academic world which takes the number of publications as a synonym for scientific capabilities and the anticipated success in the scientific professional career. This may be due to growing competition for research funding and academic positions that usually combined with an increasing use of bibliometric parameters to evaluate careers. The motivation of the academic world has becomes very individualistic. Researchers should publish their work in reputed and peer reviewed journals of high impact factors and the number of paper should not be at the cost of the quality of researches.
I second your thoughts and conclusive remarks. Really, it's pretty unfortunate. Even though this isn't a scenario across all academic institutions, I would say in most of the schools/colleges you will find such persons who have such stands. But, this sort of mind needs to be changed.