June Jones is the real deal, and it is very impressive what he has done at SMU; they're only two seasons removed from a one win season. In SMU's five losses this year, they scored an average of 21 points, whereas their opponents scored an average of 35 points per game. In SMU's seven wins, these numbers were basically flipped. SMU's schedule had one ranked team, so it is not as though they accumulated seven wins in the SEC west. They had a quality win over Washington State, but other than that they're playing in a conference only marginally better than the Sun Belt.
I hope SMU continues to improve, and they seem to have the coach who can make that happen, but at this point, it is not accurate to think they miles better than UNT.