As Timothy mentioned, today's CISC machines still convert CISC instructions into micro-ops except that it's being done in a more efficient way to allow for more aggressive out-of-order execution (faster clock speeds ....etc).
Now, what's the difference between all the terms that typically get thrown during such conversations about instructions, micro-ops, micro-instructions, macro-ops, macro/micro-fusion, ....etc? Well, it depends alot on who's talking:
In the AMD world, a macro-op is the equivalent of a micro-op (or uop) in the Intel world. Both refer to one of the micro-operations that an X86 instruction breaks or is decoded into. Both are RISC-like instructions with most likely fixed lengths.
Fusion refers to when two operations (typically dependent on each other) are fused together into one operation (to save decode width primarily). If this is done with actual x86 instructions, it's called Macro-Fusion, if it's done with micro-ops, it's called Micro-Fusion.
Finally, I think a microinstruction may be used in a context to refer to one instruction of a micro-code in the old days or these days I don't see why it wouldn't be used to refer to a micro-op (or macro-op). However, I personally have not heard it a lot; I typically hear the term micro-op or macro-op more often.
Well, I hope that helps