I had a boss at Yahoo who gave our QA to another team because "Facebook doesn't use QA, we shouldn't either". I can't remember if it was Facebook or MS, but he was willing to buy all of us a book talking about how amazing it was.
Long story short, it wasn't. It was like taking away a crutch. Of course we could have been more diligent about testing before having QA validate it, but it slowed development down so much trying to learn all the things we never thought to test that QA did automatically.