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There is quite a nice upper-high over this system as shown by the nice symmetric fanning of the convection around the broad surface low. This is what you want to see if you are looking for development. SSTs are warm as well. Convection has waned some over the last 6 hours, but certainly a lot of disturbed weather. The NHC code orange is exactly where I would put it at this point as well. If some more convection develops and consolidates some, it could go to code RED, however at this time, I am leaning towards no named system out of this. Main reason is that it seems to have become more disorganized and is slowly going to drift over land limiting its time over water.