From the NBA rules:
On dribbling:

a. A player shall not run with the ball without dribbling it.

On travelling:

b. A player who receives the ball while he is progressing or upon completion of a dribble, may use a two-count rhythm in coming to a stop, passing or shooting the ball.
The first count occurs:
(1) As he receives the ball, if either foot is touching the floor at the time he receives it.
(2) As the foot touches the floor, or as both feet touch the floor simultane- ously after he receives the ball, if both feet are off the floor when he receives it.
The second occurs:
(1) After the count of one when either foot touches the floor, or both feet touch the floor simultaneously.

So um... He's not receiving the ball and he is dribbling it while moving... So um... Ambiguity? Because he's totally... Um... Jumping after the second step...? Ummmmm.... :(

yes.