I think there was a point where they were pretty clearly in FG range, and continued to run the clock down on 2 more running plays up the gut.
We'd have to look at the specifics of that final minute or so in order to discuss it, but I think it was more about Belichick hoping that they missed the FG vs. hoping that they wouldn't have enough time to get into range.
@Tony2046 is in the process of reviewing. What's your take on the matter? Just curious, as I don't have a strong opinion one way or another, but I do remember pondering the timeout situation during the adrenaline fueled final minute or so.