Looks like a scissor to me. Perhaps different design, but basically the same thing nonetheless.
There can be a great variance in scissor switches, and Thinkpad keyboards in particular are considered to be excellent. However, no scissor switch is going to be anything like a full-travel mechanical Cherry switch. This is not necessarily a bad thing - for all my mechanical keyboards, I still use my T61's inbuilt keyboard a lot, and it serves me well, but you're definitely comparing apples and oranges.