I don't see why not.
Irish fans have been downplaying the idea based on his usage, but I anticipate an uptick for him this fall -- and for more of that to come in the passing game, where Love can be even more explosive. If the line clicks and we get solid-or-better QB play, he will run wild.
Also, check out the futures odds on the award this season; the field is not exactly daunting. Lot of extrapolation there. Love is on a short list of dudes who have actually proven to be exceptional.