The good news is that nobody expects it to strengthen much due to environmental conditions. The bad news is that it is a tropical storm system in the Gulf of Mexico. Period. That means we'll have to watch this one closely, and now that storm season is picking up, let me recommend a few blogs to keep track of for hurricane stuff: Eric Berger's SciGuy, and Jeff Masters' Wunderblog. They're already following the storm and will have more soon, as will I.