This has been my experience as well. Bought a Satellite A205 that got left near a window in the rain, so got all wet on the back. Wiped it off, let it dry, and it was fine. It's been through hell and back over the past 5 years and is still kicking. Recommended them to my family and they're all still operating fine years later.
This is not to say whether or not their service sucks- I've just never needed to interact with their service department.
I've got a Toshiba Satellite 320CDT (Pentium 233MMX, 96 MB RAM) from 1998 that still runs -- I installed Debian Wheezy on it last November. Toshiba went through a really bad spell a few years later, but now their machines don't seem much less reliable than HP or Dell's consumer laptops.
