Yeah, his campaign has been running a very delegate heavy strategy. I wouldn't be surprised were he dominating these non-binding caucuses in terms of delegates (which is the main reason I haven't left the forum, since I suspect rather strongly that Paul beat Santorum in the delegate count).
Of course, that doesn't translate into a win by any means. If there isn't a brokered convention, he would need to "officially" win at least 4 states or so to actually be able to "win" (otherwise, he could hypothetically steal the nomination with those tricky fake-Romney delegates switching). That isn't too big of a stretch (the Dakotas, Montana, Washington, Maine are five, and all aren't a stretch to see him winning even if things aren't going great).
He looks to be angling for influence with Romney, though, possibly trying to control the VP/treasury/Fed chairman. Romney would probably bend over backwards on the issues that the base supports, and he knows well enough that he is a weak enough candidate to fail without Paul's supporters. I guess we'll see in this exciting season