It's absurd to say that Wikipedia has an "insanely high barrier to entry". You click "Edit" and that's it - you don't even have to create an account. It's hard to imagine a lower barrier to entry. Of course, the flip side is that anybody can revert your change as well; your edit is not sacred. I mean, what alternative do you propose? That Wikipedia should never revert edits? Change into Everything2?
That low barrier to entry is just for the more minor changes, like correcting a typo. For anything more complex, you'd have to successfully use their editor, find acceptable sources and correctly quote them.
For a while merely chosing a username was risky business. It's got a bit better now, but it's still weirdly complex process if someone disagrees with your choice of name.
Not auto-reverting fixes to obviously wrong content would be a good start. I had a similar experience with fixing a page where someone had confused kilograms and pounds.