As Jim mentioned tonight, whether it weakens or not, it's already built up a lot of water.
I like to look at the Surge Destructive Potential rating. It's currently about a 4.1 on a scale to 6. That's a rough estimate that is based on the wind field as of 8pm EDT Wednesday.
"The SDP box is the Surge Destructive Potential Rating based on a scale of zero to 6. SDP is interpreted similar to the Saffir SImpson scale in that the most destructive storms are rated above 5 and the least destructive storms < 1."
This technology used to be free at NOAA but was sold to a private company and now you have to pay to get he detailed info that is of better quality. (RMS HWind)
There is a Wind Destructive Potential (WDP) too but it can't be done without detailed wind radii that the private company now produces.