From Drudge:
Watcha Gonna Do, When Tropical Storm Billy Runs Wild On You?
...Today, meteorologists said Tropical Storm Bill, the second named storm of the Atlantic hurricane season and the first Gulf storm, was expected to be mostly a rain producer

Bill formed just after the 46th anniversary of Hurricane Audrey, one of the most destructive June hurricanes to hit the United States. It struck the Louisiana-Texas coast on June 27, 1957, with a 13.9-foot storm tide and wind gusting to 180 mph. It killed at least 390 people.

While Bill is only predicted to be a minimum tropical storm, Lichter said parallels can be drawn to another minimum storm: June 2001's Tropical Storm Allison, which paralyzed the nation's fourth largest city.

--I imagine that much like myself this storm will just peter out pretty quick. All gas and no substance, so they says.