This is a good approach except it breaks the link from the TODO location to the issue. Are you replacing the TODOs with an URL for the issue or something like that? How do you know a file has issues/todos by just looking at the file in your editor/IDE?
Yeah, I dislike banning TODO comments from passing through both for the reason that they're so coupled to the code they reside along that turning them into an issue is rarely helpful, at least as I write them, and that they can convey a lot of information to future readers of the code about intent, about parts of the code the author regarded as shortcuts and maybe a pointer on how to shore them up, about likely shortcomings or gotchas, and so on. Unless you just allow TODO-like comments to remain but without literally having "TODO" in them, which is silly.
