I don't see him dropping out of the top 5 for quite some time. As for the belt, that depends on his future focus/training. Do you think he can strengthen his current weaknesses enough? IDK. What I do know is that he's smart enough to make the right moves. But is he dedicated enough to do the necessary work, and will he be able to soak it up? We'll see, I guess. I hope so, though. I like this dude, all around.
Condit may end up being the best WW ever who never held the belt. :[
...Imagine Condit with way better wrestling, against a GSP with no holding back. That would be awesome.