[tomkat]

From your posted link, from Dr. Simon Atkins, CEO, Advanced Forecasting Corporation:

The demise of Irene has already begun. There is no visible eye. The storm intensity is down to 99 mph. This would be a low-end category 2 or a strong category 1 storm, while 36 hours ago some predicted a catastrophic category 4 storm. Air Force Reserve aircraft have found that Irene's eyewall has collapsed, and the central pressure has risen -- rising pressure means a weakening storm.

Yes, it will be windy. However, north of Delaware most hurricane force winds will very likely be gusts, not sustained winds.

(your windage may vary)  

[CedarDave]

So far I see that two professional organizations (Weather Underground and Advance Forecasting Corporation) are downplaying the end-of-the-world catastrophic hysteria for this storm. I would expect others, like The Weather Channel to continue the hype as they have the human-caused global warming sky-is-falling mantra in the face of scientific evidence to the contrary.