Should I wait for him to be ready?

Ive been dating a guy for 2 months now, seeing him most weekends. We have a great time and really enjoy each others company. We have both recently got out of long term relationships. I really like this guy and feel like Im falling for him. He is everything I am looking for in a partner. He has just told me that he isn't able to commit to anything more than what we are at the moment, and that he doesn't want to lead me on to wanting more if he can't deliver it. but also said that he isn't seeing anyone else at the moment. He thinks that there is a distance issue (we live about 40 minutes from each other but I work near to where he lives) and that due to the break ups, we are both back living with parents. I personally don't feel ready for a relationship right now, and I have been on dates with other guys and have been talking to other guys. but I haven't felt the same connection with them as I do with this one. But I also cannot let myself fall for this guy if its never going to go anywhere, I don't think Ill be able to cope with anymore hurt. And I think part of the reason for me agreeing to other dates is because I can't let myself fall for this guy completely. Do I wait for him to be ready, give it some more time and see if anything changes. Or do I be honest and tell him that I would eventually like a relationship, but that I am happy to wait until things die down with our schedules?

Hi, I agree with SusieDQQ " Slow Down" This Guy is telling you to take this slow, he's not ready to make any major commitments. Continue dating meeting new people; and give yourself time before getting into a new relationship. He's not willing to give you more than what he's giving you now..so make the most of the time you spend with him; without ultimatums. Have fun; keep it light.