That's not necessarily Boise State's fault...it's the Mountain West's top bowl. They want to go to the Big East to maybe play better than "mediocre" competition, and it falls apart - not their fault.
Mind you, they scheduled games against Oregon, Virginia Tech, Georgia and Michigan State the past four seasons. Won the first three. Those teams wound up in the Rose, Orange and Outback Bowls those respective seasons - and Boise State beat all three.
I'm a CU grad, and yes I live in Boise, but it's pretty silly to just dismiss them because of their schedule. What the hell do they need to do to prove they can compete against anyone? They can't just jump into the Pac-12, and you can't seriously expect them to schedule four SEC teams in nonconference, can you?
Eight guys from their roster last season are in the NFL and Petersen is 9-2 against BCS teams. They're good, and that pisses people off for some reason. Only in college football is the little team that could somehow hated.