The system is still disorganized, but NHC admitted that in their initial Discussion Bulletin. With a lopsided appearance (often typical of weak Gulf systems) it looks more subtropical - but not with SSTs of 31C. Given the stature of the Sr Hurricane Forecaster that was part of the team that developed the initial bulletins, I'm more than willing to watch this pot boil for awhile. Its certainly not classic structure, but its hard to ignore those earlier reports from the offshore oil platforms with gusts over 40mph. The real worry with this coast-crawler would be the high rainfall and flooding potential - which is going to be true even if the TD never makes it to TS status.
ED