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Had another look at things. Looks like it is starting to gradually lose organization and shear is starting to pick-up already. It wouldn't surpise me if the NHC downgrades the code for the next update. At this point I would say a less than 50% chance shot of Alex forming out of this (I'd give it about a 10-20% chance at the moment), so it looks like my original thinking of no named system out of this system may hold. 12Z GFS doesn't develop it, but rather sends it towards/through the Northern Leewards as a wave. Just too much dry air and shear for this now rapidly-shrinking invest.
Probably time to start looking elsewhere soon. Unless this TUTT lets up though anything in this part of the Atlantic is not going to have a good chance at developing and persisting through the Caribbean (including the wave behind 92L)