Are we at complete parity in CFB now?

So TCU just beat Texas as predicted- and by a lot. Miss State is a powerhouse (who?), KSU and Baylor have a shot at the playoffs, ASU out west is doing well, etc. etc. 

On the other hand, Florida, Miami (FL), Tennessee, Penn State, UM (us), VT, and more great hallowed names are pushover teams. Lots of "old time" perennial powers just look plain average-  Nebraska, USC, ND, LSU, etc.

So does a storied name and program really mean that much anymore? Yes, I know that big names like FSU, OSU, UCLA, Bama, etc. are right up there in the hunt- but are the big name schools statistically doing better than their percentages among all teams?

For every OSU there is a Penn St or UM stuck in the mud

For every FSU there is an aweful VT or Miami (FL)

For every Bama there is a terrible Florida, Tennessee, not so good Georgia

For every Oregon there is a USC

Hell the kids are running the Big 12- Texas and OU aren't keeping up

The reason I was wondering this was that I kinds like what Kill is doing over at Minnesota- and i got to thinking: "wow, think of what he could pull off at UM with its resources"

But then I wondered- maybe what really matters the most isn't the university, its the coach- maybe Kill can get as great of a record at Minnesota as he could if at Michigan- maybe we offer no big advantage that would make him win more. Sure we can get lots of high starred recruits- but a lot of those failing schools have good recruiting classes. Maybe that isn't all that big a deal- maybe there isn't that big of a difference between a 3 and 4 star kid when they meet a great coach. Lots of coaches are doing very well with lower ranked kids,

So are we at parity? Does the name and facilities of a university really give an advantage that is all that significant anymore? Would Kill not do better here?