The disturbed area to the east of the Honduras / Nicargua border certainly seems to be getting well organised. Wouldnt be surprised to see this develop further, especially as shear is light at the moment. However, it does look small and fragile, so if it moves much closer to land it could easily fall apart. Visible loops would seem to suggest a very slow motion to the west-northwest, with the forecast motion being more to the northwest. This takes the system very near to the Honduras / Nicaragua border before moving back over open water. Certainly one to keep watching.