No, don't think of 'scary' yet ... it is too early in the season for that
Most of the convection or water in this system is North of it. Somehow the system is persisting (the low) but the convection is iffy, so, we need to see both develop before we can even think of 'scary'
. Just be aware of this system for the next day or so.
More seriously, it is because of last season's experiences and the tremendous amounts of rain that I'm doing a heads-up here. As we learnt yet again, even a tropical storm that does not make it fully to our shores can create extensive damage.
A good wakeup call to complete any hurricane preparedness actions that are not complete if you are on or near the coast. For example, cleaning up the garden and removing anything that could become a 'projectile' in a storm.