Santorum has been hurt by a lack of money. If he does well in FL, i.e., he is a close with Newt for second, then he may pick up some momentum if he decides to stay in the race. The upcoming primaries favor him more than Newt. And there is no doubt that a convincing Romney win in FL could winnow the field down some more.
If Santorum gets out, it will be interesting to see if he will endorse anyone. Based on the debates, he seems more upset with Romney on issues, especially Romneycare, and more upset with Newt personally based on serving with him.