No dude, that is an Infrared loop. No eye... quite the contrary infact. The reds and darker colors signify intense convection, and perhaps, as Rich B said, the cyclone is attempting to form a cdo.

Look at the overshooting cloud top in the visible loop. That is what you are seeing:
http://www.ssd.noaa.gov/GOES/FLT/T1/RGB_loop.html

EDIT: Uh, yeah... that is why they have names that span over multiple demographics. The US isn't the only place hit by hurricanes, you know.

EDIT II: ah... sorry daniel. Perhaps I used the wrong terminology. Not as in a severe thunderstorm. You are right.