The area has been designated invest 99L. There seems to be a broad low just off the coast of Panama, around 10/81. The good news is that most of the models seem to have shifted west and take it into Central America before it can develop much. In fact the GFS which has been the most gung-ho on development now on its 00Z run takes it across Central America and develops it on the Pacific side. Things could change again but right now the threat (if there ever really was one) of a Western Caribbean hurricane seems to be dwindling.