The "dreaded" pinhole eye means this is a very strong storm...the tighter the eye, the stronger. You don't want a hurricane bearing down on you with a "pinhole eye".
Actually, you don't want a hurricane bearing down on you with ANY kind of eye.
Now I'm going to hit the sack and get some rest. We all have plenty of time to watch this. If, however, you are in "the cone", I hope that you are making preparations or that they have already been completed. A storm this big threatening to make landfall as a Cat 3 is going to cause of lot of people to be out and about tomorrow. And it ain't gonna be pretty.