Eliminating it would be a mistake. Although watching pitchers strike out may be appealing to the older generation, who grew up under those rules, it is not too exciting to the younger fans, who want offense and excitement. The DH has many more advantages. It provides for more managerial options in forming the batting order and during the game. Bunting with a pitcher is not strategy.
Strategy means having a choice between two reasonable alternatives.
Honestly, I think interleague play is a monstrosity whose novelty value has already worn off. But I doubt it will be abolished, so baseball might as well make the most of it by giving people interleague games that they actually want to see. I'm not in a position to get too specific here. Still, the Yankees play only NL East teams, and my basic criticisms still apply. This might be the only suggestion I give here that happens.