I hate to say this, but the CMC could be on to something with a storm hitting the NE.. but that strong? Maybe not. Why I think this could happen? Take a look at this loop of the wave at Lesser Antillis, notice the movement, it's NNW.. and the CMC picks this up around July 20, and turns this into a monster category 2-3 Hurricane Chantal hitting Montauk point, LI. It is something to watch, regarding that the CMC has done horrible this year, but it's record is not all that bad. It was correct with Alberto in 2006, and our 2 storms so far this year, it nailed Barry. Now look at the UKMET, it to has a storm forming a bit more north - westward and moves it up the coast, I still can't get the Cyclone Phase map for that model yet. The CMC has it fully tropical then hitting with some extra-tropical characteristics, but still a Hurricane landfall. Also notice on the second link, shear has decreased to favorable conditions in the path of this "possible" but not yet confirmed storm for the NE. So all in all, it could happen, but highly doubt it will be a monster in my opinion.

satellite (movement of the wave)
http://www.goes.noaa.gov/HURRLOOPS/huirloop.html

Shear map as of 00z
http://www.ssd.noaa.gov/PS/TROP/DATA/gparm/xyrshr.gif