Just use an updated fork of SMOP and after doing a: python setup.py install, you have to go to the directory your site-packages are in and unzip the .egg file. The project isn't maintained anymore. Anyhow, I forked it (from another Python 3 fork) and fixed a few more bugs here:
https://github.com/mattslezak-shell/smop/
Really I'd say it's for prototyping code from MATLAB. It has some interesting MATLAB compatibility layers implemented, and some of the things don't appear to do anything at all (like vargin/nargin), other than preserve the MATLAB-like structure.
Still even with it's strange format, I don't know of anything else that will auto convert most things over for you. You may need to add some import statements and refactor the code a bit, depending on the complexity of the .m file(s) you convert over. I suppose it beats manual conversion, but it still isn't a true "converter," more like a partial MATLAB wrapper. Some code just works, but many files need some imports added or other refactoring to get the desired result.
Nonetheless, it's good for testing out MATLAB code from Python at least...