Lenovo does makes some laptops that are "Dell beaters" and sometimes they put the ThinkPad name on them. That is a mistake. Calling an UltraBook (built to that silly Intel spec) a ThinkPad maybe one such mistake.
The "real" ThinkPads are still alive and well. I just sold a bunch of T530 units to a client as well as some W530 workstation-class laptops (and kept a W530 for myself). These deserve the ThinkPad name and still hold to the old IBM standard of quality and reliability. Heck, IBM still provides the onsite repair services for ThinkPad, ThinkCentre and ThinkServer if you have the onsite warranty. Of course you rarely ever make a service call on the Think products.
I have owned ThinkPads since the beginning of the brand (disclosure: I am an IBM and Lenovo Business Partner) and still have some of the very old units in my stash and they still run (I'm talking 486 vintage units that still boot up fine and have tight hinges on the LCD panels).
There is nothing like the ThinkPad and all the quality is still there. You just have to be sure to buy a true ThinkPad (T430/530, X230, W530, etc) and you will get what you expect, like the TrackPoint Nipple, keyboards that are better than some desktop models and you can pour a bottle of water through them, titanium chassis, etc.
Thanks and have a great evening!