My gf is a huge UK fan, so I keep up a little bit with their football program and pull for them unless they're playing UT (flame away if necessary) . But UK is recruiting at a high level...for UK that is. They're still near the bottom in SEC recruiting rankings but I believe they have a top 25/30 class nationally with a few 4*'s. They've really been taking advantage of Ohio recruits choosing not to play in the big ten which is huge for them as it's hard for UK to pull a lot of blue chips from the recruiting hotbeds of the south (FL, GA, Carolinas, Memphis and Nashville metro). They did miss on a huge in-state 5* rb that was possibly the best football recruit to ever seriously consider UK or come out of KY, but they still have a solid class. However, I don't see them ever being a power in the SEC, but they have more talent than they've had in a long time, if ever. UK's reasonable football expectations should be to be a bowl team most years and have an occasional 7/8 win season if they keep recruiting like they have been.
In 2015, they def have the potential and schedule to be bowl eligible and possibly even win 7 reg season games. They'd have to beat Louisville, Miss St (who loses a bunch of starters btw), and one of USCe, Fla, or Missouri with Fla being the most likely (although they might have a little fla curse going on as well after seeing how last year's UK-UF game played out).
UK is def a team on an upward trend, but I don't see them having anywhere near the potential that we have at UT for a number of reasons (better players/recruiting, facilities, football fanbase, lack of tradition/prestige). Theyll be an interesting team to watch though to see if stoops can finally being them out of the cellar.