The end result of the SmartMatch process is a project with all your photos oriented (camera positions solved) and a number of SmartPoints. SmartPoints have 2d photo marks and 3d locations. At this stage you can use the solved camera stations and 3d SmartPoints as a base to do standard modeling (additional marking, referencing, measurements, dimensions, lines, Bent Tubes, cylinders, curves, surfaces, etc.), you can pick pairs to do dense surface modeling, or in some cases (scenes with good random texture - which produces a large number of SmartPoints) you can perform triangulation, smoothing, texturing etc. right from the SmartPoints. In this latter case you get a 3D surface model quickly and with very little manual intervention.
You can view SmartPoints on photos, in the 3D Viewer, on the SmartPoint Table and 2D SmartPoint Table.