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I don't have any direct information about Notre Dame's program, but wanted to point out that some of the things PairofDucks mentions should not be overinterpreted. For example, having the same first year texts as MIT does not necessarily mean very much at all -- virtually every top 100 program in the country uses MWG for micro, and there are a very limited, very common set of texts for other subjects as well. Having seminar speakers from Harvard, MIT, etc. is also very common. These are good things, yes, but they are more necessary than sufficient evidence of a strong department.
None of this is to say that Notre Dame is a bad program at all. The real evidence of the department's strength will come when placement records for a few classes of graduates are available. It does seem that the university is doing everything possible to rebuild its economics PhD program as quickly as possible.
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