No. If they performed well, then you could possible argue that. It would be like calling Duke a major football program. They are also in ACC.
Wake has 1 more win than loss in the past 10 years, including 2002. In the past 5 years, they have had two good seasons, and this year was ok (2 teams with better records, 3 with the same, they were 3rd in their division of the ACC). In their two good years they were 8-5, and 9-4. In the other years they were 5-7, 3-9, and 6-7, and those were the last 3 years.
Listen. It was originally said that WFU was a major football program. It is clearly not. I don't know how many different ways I can explain it, and illustrate it through their record and their history.