STexan; I have noticed as well that the models seem to be over-estimating many of the parameters, even up to just a few hours before the event. I have mainly looked at the RAP on the day of, but on Thursday the HRRR was breaking out semi-discrete cells in southern IL/IN for a couple runs around the 20z timeframe. The RAP showed over 2000 J/kg CAPE in some areas, including northern IN. I don't recall the exact run times, but I believe this was around the 10z run. In order for that to have become a reality, the initial squall line would have needed to dissipate, and the clouds clear out. I also noticed that hodographs in my target area looked much better early in the morning, and as the day went on got worse and worse. I don't think it was so much that they were showing a BIG day, but they certainly were showing more than just rain showers.
Rob Hurkes: I like the way you worded it, as it is a balance of the ingredients. That was one thing that I was optimistic about, is that it doesn't always require a lot of CAPE as long as the shear is there. Even with the better shear that models showed early on, I still didn't think it was enough for a PDS watch. Most of it was in the very lowest levels, and it was a lot of speed shear, with only a little bit of directional shear. So while instability was lacking, perhaps a lack of more adequate shear was also a major factor in this event busting.