Except that the microwave penetrates the clouds and shows the inner core collapsed. Take a look at the internal structure as seen in the last microwave overpass (about 2 hours ago now, more recent than the one I last linked to). The outer eyewall appears fully established and the inner eyewall is restricted to a very small region in the north:

This is an absolutely enormous storm. From north to south the is the equivalent distance from Washington DC to Miami - around 750 to 800 miles! Or an area that covers the entire Gulf of Mexico! Or by another measurement, about 20-30% larger than Hurricane Katrina was.