My Grandfather used to sell Henkels knives in his store way back in the day. I do believe they are completely different products today. The ones my parents still have from his shop are very well made pieces. I have used some of the new ones and, while better than most knives people use, the craftsmanship is just not there anymore.
I bought my first Henckel knife mumbledy-mumble years ago when I when they let me fill in in the kitchen of the hotel where I worked as a purchasing agent. The Chef told me if I was going to be serious, I should get some good knives. Where to start? I asked. German, said he. Trident. Henckel.
These names were not familiar to me. Previously I had only seen Forschner, Dexter, etc.--as ngatti says, "house" knives--which I had purchased for prep cooks and general use. So I got a Henckel 10" chef's knife, because no place in town had Wusthof (we're talking Atlanta, 19-mumble). The knife seems fine to me, though I don't use it much any more. But, based on ngatti's comment that the line seems to have changed, I think maybe we're looking at a difference in pre-/post mass market design--like Fender Stratocasters made before and after CBS bought them, or a Marantz stereo amplifier before they decided they just had to be on every bookshelf in middle-class America.
I also like those 3-packs--cute and useful, dishwasher safe, ultimately cheap enough to be disposable.