If June Jones really has put his name in, I wouldn't be surprised. If you're looking for a job you want to have several offers out there for leverage. So?
First of all there's money. At Hawaii and after he's made more than 800,000$ a year. If we could offer 200,000$ I'd be this time surprised. Then there's status (and again money): taking on PSU would mean stepping down to the FCS. I suppose if he were to take PSU high in the play-offs he'd maintain his status. But would he?
Then there's style. Everything he does is pass-oriented. I personally don't mind that. But we've been living on the run, recruiting QBs that can run a lot and pass so-so. Do any of our QBs fit his style? I don't think so. There would be a couple years re-building. Expensive.
I hope he does put in his name. It gives US leverage!