Looks like it might pass North of SXM, which will be the "good" side (if there is a good side). Will increase the wave action, and might churn things up which could result in more seaweed to decorate the beaches.
Chance of formation is still only 20% through 5 days, so probably that one won't be much of a threat to SXM but if it does form, the US East Coast looks like a more likely target. Not sure what happened to that system, as a couple of days ago, it was listed as something like 80% in 5 days, but so far, much less of a threat to SXM, at any rate.