It's a move up. Money, facilities, fan support, budgets, etc...
No doubt, VA Tech is only 4 seasons removed from a 17 year run of annually contending for national championships. The program is by no means too far removed from that run of excellence to suddenly be considered with the bottom rung of P5 programs. From 1995 to 2011, Beamer won 10+ games 13 out of 17 seasons, with 7 appearances in either the Sugar or Orange Bowl. He also took VA Tech to either the Gator or Chick-Fil-A l/Peach Bowl 7 times, both of which handed out Bowl bids to programs who just missed out on BCS bowl bids, or Major Bowl bids during the pre-BCS era.
http://www.sports-reference.com/cfb/schools/virginia-tech/
Frank took VT from the same middling independent status as ECU and Louisville in the late 80's to major program by the mid 90's. Before Beamer took over at VT, UVA was the flagship football program in Virginia, and by the mid 90's that demographic shifted to VT. I believe VT even owns the DC market in terms of CFB following, it certainly appeared that way when I visited not long ago. The media coverage for UVA and UM football was practically as inequitable as TU is to OU and OSU.
Like many programs that have prolonged success, then suffer a sudden downturn, not adapting to or embracing change, such as the spread offense, typically results in missing out on key recruits. I believe such factors played a role in Beamer's recent run of mediocrity,as the level of talent is not what it used to be. Also, the addition of Jimbo and Dabo promptly dethroned VT from the top of the ACC.
IMO this is a good move for Fuente, the biggest negative is filling the shoes of a legend, Mr. VT Football, however the upside is taking over a flagship program, at a University that values football as their #1 athletic priority, a program that has money and is willing to spend, and a situation that does not appear to be a pressure cooker. For those reasons, i'm practically convinced Fuente ended up with the best job opening in a market full of top programs. Also, competing in a Major conference that is realistically winnable in short order due to a lack of depth in tradition rich programs. By comparison, a job like Mizzou or S.Carolina would been much more difficult in the tradition rich "win-at-all costs" SEC. Mizzou struggles protecting it's borders in recruiting, and S.Carolina is 2nd fiddle to Clemson, basically what OSU is to OU.
Justin's success will hinge on his ability to recruit the blue-chips, he can longer rely on his eye for overlooked talent. As they say, it's not the X's and O's, it's the Jimmy & Joe's that win Championships.
I am kind of surprised his late season slide at Memphis did not hurt his stock. With so many major job openings, all AAC's HC's with any sort of success are likely to be targeted by P5 schools, (Ruhle, Herman, Taggart, Niumatalolo, even Tuberville, and Ruffin).
TX