It has a chicklet type keyboard, not the ones you find on previous thinkpads. I like it better than the old ones. Layout-wise, it has the weird layout of the home/insert island, and a stupid positioning of the print screen key. Other than that it's standard qwerty.
As for the trackpad, I'm not a good reviewer. I use the red trackpoint exclusively. My previous laptop (X61t) didn't even have a trackpad. Between the trackpoint and the touch screen, I don't ever use the trackpad.