No, I just don't think its influence was as pervasive as the Luther and Tyndale/KJV Bibles. By the time Cervantes was published, the Spanish empire in the Americas had been expanding for almost a century. This diluted the linguistic influence of Cervantes's novel.
I read Don Quixote de la Mancha, in English back in the 80s. I found it deeply sad, though my parents' stage of life may have influenced my perspective.