Satellite imagery indicates a fairly disorganized area of a few clusters of defined thunderstorms and a pretty barren western flank of the system. However, it does appear that convection has been increasing in recent hours in association with this system, indicating that this tropical wave's potential to develop is increasing. Let's look at some of the model forecasts on this system.
If we keep looking at what lies ahead of the tropical system, we see a ridge of high pressure just off the East Coast, with another one in the Western US. This puts the disturbance in a difficult spot. I could see Sandy moving west and actually hitting the Mid-Atlantic, but we'll have to go further into the model's forecast to see what happens.
It should be noted that, as the system makes landfall, temperatures as low as 15 degrees (F) may hit much of the central US and Midwest.
I urge the East Coast to closely watch this system as it may have future implications on where Sandy eventually landfalls.