Well, the good news is that it may go far enough south to mostly miss Texas if it gets too strong.
The bad news is that if it isn't too strong, Texas will miss the rain except for the southern end because it has to be moving north or northwest into central TX for most of the state to get the rain.
I'm willing to skip the rain that Emily would bring. The scorching hot waters of the western Gulf practically guarantee that she'll be a bad cane.