I thought he was looking for the finish but condit was tough as nails. No doubt GSP would have finished a lesser fighter in this fight.
His game plan was spot on and Condit made it very difficult for him.
The thing about GSP isn't that he lacks the ability to finish, it's that he isn't willing to take risks in order to finish. Even when he was rocked Condit couldn't stay on top of him for long, and yet he was never willing to risk his dominant position in favor of a sub attempt.
Which I'm perfectly fine with, myself. Win first, look good second.