Ok, for IL/IN/MI this has March 1, 2004 written all over it, for those who went out that day. As is often the case with early season setups, and as many have pointed out already shear is NOT going to be a problem, but instability might be. Bulk deep layer shear on the order of 50-60 knots will support storm organization, provided updrafts can sustain themselves without getting sheared apart. Low level (0-1 km) shear of 30 knots with some weak low level turning (profiles fairly unidirectional above 1 km) could support supercells, but I tend to agree with SPC that the most likely storm mode is linear. Vertical acceleration will be somewhat weak, as forecast soundings yield thin cape profiles, regardless of parcel level chosen or method of lifting (surface, mixed layer, max T, etc.) The MUCAPEs to 1000 mentioned in the day 2 sounds a little optimistic, as the max instability I could yield using these soundings was about 700. However, in the presence of significant shear, as April 20th told us, a little instability is all that's needed. (I'm not suggesting another April 20th is in the works, far from it...definitely not a good warm front/enhanced SRH situation, nor will instability be as good)
I expect tonight's day one will have a 2% tor threat, if only for the magnitude of the shear, but I'm not quite so optimistic about the potential for low level rotation...mid-level rotation will be fairly easy to come by, though, with the shear. Any spinups tomorrow I would expect to be brief and weak, and most likely needing some enhanced SRH source (subtle boundary interactions, etc.) to even get going, and with expected storm mode (and motion), visibility/intercept potential will be poor. I'm not optimistic about hail threat, given poor lapse rates in the -10 to -30C hail growth zone, but the huge deep layer shear should support at least a minimal threat. Storm motion alone will yield some strong wind gusts, with a strong low level jet (50-60 knots rounding the base of the 850 trough) adding to that potential. There is some question about the potential for that to mix down to the surface given less than favorable low level temp profiles (I'd prefer to see a nice near dry adiabatic layer through the lowest couple of km). I'd peg it around 25%, owing purely to the dynamic strength of the system alone.