Well, if it had more bezelsit would be an excellent tablet At least for me.
And yes, they have always been quite cheap. Thinkpads are super expensive, yes, but so are Latitudes and other competing business laptops. And Latitudes never really went close to Tginkpads in terms of build quality. Thinkpads were built like tanks. Lately though, I agree, Thinkpads have been becoming worse and worse, and the price didn't drop.
However, the Ideapad line remained the cheapest until this year. For example, you can't really get any cheaper convertible than Yoga 3.
The thing is, I really don't mind their bloatware, spying ads and so on, as long as it makes the computers cheaper than competition. Everyone has at least some bloatware, so I'm going to do a clean install of Windows either case.