Well...sure, but it still can be an issue. If you live east of the Intracoastal, I'd consider it an issue. Not to mention East of Lake O. Also those on the North side of the storm on the East coast will see some storm surge. How much? Depends on the winds.
Looking at the latest infra-reds, it appears this storm might explode again tonight and the pressure may drop well below it's record of 882mb. Lots of gray cloud tops around it right now.
Not sure it will restrengthen. The environment is still good up above the system, but moisture inflow is restricted on the south and west by land now.
The weakening today was probably due to EWRC. I wouldn't be surprised if she restrengthens overnight.