from the Joint Typhoon Warning Center (my apologies for the CAPS-i just copied it) .. it is still too far and too early to tell what will happen next..
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AN AREA OF CONVECTION HAS PERSISTED NEAR 4.3N 155.1E,
APPROXIMATELY 265 NM SOUTHEAST OF CHUUK. RECENT ANIMATED MULTI-
SPECTRAL SATELLITE IMAGERY SHOWS CONVECTION FLARING OVER A
DEVELOPING LOW LEVEL CIRCULATION CENTER. UPPER LEVEL ANALYSIS
REVEALS LOW VERTICAL WIND SHEAR AND FAVORABLE WESTWARD AND
EQUATORWARD OUTFLOW. MAXIMUM SUSTAINED WINDS ARE ESTIMATED AT
10 TO 15 KNOTS. MINIMUM SEA LEVEL PRESSURE IS ESTIMATED TO BE
NEAR 1006 MB. BECAUSE THE CIRCULATION ASSOCIATED WITH THIS
DISTURBANCE IS JUST BEGINNING TO ORGANIZE, THE POTENTIAL FOR
THE DEVELOPMENT OF A SIGNIFICANT TROPICAL CYCLONE WITHIN THE
NEXT 24 HOURS IS POOR.