>he said he's always had a soft spot for me and thinks about me a lot but he has been all hung up on this other girl for a couple months now, so typical love triangle situation...

What has prevented him from making a move on her?

>what i want to know is, is this going anywhere? and if not, how can i move on? because i've tried distancing myself from him and rebound but it hasnt worked!

Give it a honest try with this guy, two years of crush deserve that much. Don't worry, if it doesn't work, it will be much easier for you to move on without regrets. Better to fail than not to try.
However take care not to end up in a permanently unbalanced situation. It's normal that initially you put more effort at seducing him, but if at the end of the day you don't feel that he's pushing for you, scrap the relationship.