Don't be so quick to write off the chance of it maintaining hurricane strength. While it is uncommon, a tropical system in it's position this time of year can come up the coast at tremendous speeds. Look at the 1938 hurricane that slammed Long Island as a cat 3. It was moving well over 50mph north so its time spent over cooler waters was not long enough for it to weaken. Anything is possible, and if the system does manage to rapidly intensify and come racing up the coast, someone from New Jersey up to New England could be having a really bad weekend.
Keep an eye on it.
And oh yeah, how about the storm thats about to slam the carolinas with 60mph winds and torrential rain thursday. Tropical storm anyone?