ONE is presently a very sheared cyclone and it may come down to a subjective call as to whether or not to classify it as a Tropical Cyclone this morning, but it seems a close call despite how lousy it looks.
The western semicircle is sheared and exposed with dry air and subsidence. On the other hand, banding has arguably improved in appearance on radar, and while most bands are well east of the center, which is still right on the coast around Corpus Christi, TX, several already are likely producing tropical storm force winds. Furthermore, in the aggregate, models continue supporting further development, with some even suggesting that ONE may become a robust hybrid once back over land, producing a massive swath of heavy and locally flooding rain, at least isolated damaging wind gusts, and potentially several tornadoes and waterspouts.