The models are a bit mixed on this, but the hurricane center upped the chances to 30% in the next 5 days.

The operational GFS isn't doing much with it at all, Sunday is interesting though, it splits the energy and sends some of it northward and some westward. Bringing a lot of rain to Florida the middle of next week. The Parallel GFS model does develop something and send it toward Pensacola/Destin, though. (mimics NAVGEM And CMC)

The Euro heads it up toward TX/LA border with a lot of Rain next wed/thursday.

This gives a fair idea of the areas and when to watch this system, we'll track it a bit better when/if it gets an invest tag.

(image from http://www.atmos.albany.edu/facstaff/abrammer/maps/genesis/ )

That said, if the storm forms Sunday/Monday it seems more likely to do the northward track, if not, west it goes, but spitting enough energy to bring rain to Florida as well.