Going back to Sunday morning when it looked like ollie ollie infree for 98L, Dvorak estimates from SSD at the time had dropped to "too weak."

TD-Three-E now up on NHC web site. From the discussion: "TROPICAL DISTURBANCE LOCATED ABOUT 625 NMI SOUTH OF THE SOUTHERN TIP OF BAJA CALIFORNIA HAS ACQUIRED ENOUGH CONVECTIVE ORGANIZATION TO BE DESIGNATED TROPICAL DEPRESSION THREE-E."

Appears it'll get to "Bud" (there's not enough real names...we have to go with nicknames?). Almost even odds on reaching minimal hurricane strength in a couple days.