Is he my Cliche' FWB, or more?

I've been talking to the same person for almost a year now, and there is no solid commitment..We live in different states however, we became friends before i moved and still talk almost everyday..for a year now..We do however have a wonderful Physical relationship, our communication level is 105%...We are very close, and we do care about each other- as of now. It grew to this, it didn't just happen over night. He comes down, when he can and Vi's versa..He doesn't want me to wait around..he wants me to date and enjoy the privellages of being single;as i do with him (even though i get that jealous bone), I'm just wondering will this grow into anything more? And am i just wasting time?