Seeing as the southern target has question marks all over it in regards to the timing of the shortwave and the likely interference of early morning crapvection, I have shifted my focus to the northern target, which is looking better and better with each model run and also happens to be much, much closer to home and viably chaseable than the southern target.
Things are shaping up for what could be a pretty decent regional severe weather outbreak over the Tri-State of east central Colorado/northwestern Kansas/ southwestern Nebraska on Wednesday afternoon and evening. While the instability won't be as pronounced as the southern target and the amount of moisture return is somewhat questionable, bulk shear values will be in excess of 50+ knots, with backed southeasterly surface flow in the 25-35 knot range under 35+ knots of westerly flow at 500 mb. This strong directional shear, combined with 1500 + j/kg of CAPE and 0-3 km helicity values in excess of 200 m/s2 has potential mini-tornado outbreak written all over it.

This particular event isn't dependent quite so much on the moisture return (while dews in the low 50's would be optimal for tornadoes, High Plains magic often still occurs with dewpoints merely in the high 40's) it hinges on whether we can get enough breaks in the stratus deck to get adequate surface heating to break the strong cap by early to mid afternoon along the dryline. If we can get convective temps into the low to mid 70's ahead of the dryline, the cap will be breached and we'll be in business. But if adequate surface heating doesn't occur, initiation is questionable, if it occurs at all, and a perfectly good setup will go to waste.

I don't have class until noon tomorrow, which will give me plenty of time to evaluate the situation and make a final decision. If I start seeing large breaks in the stratus deck by 11 a.m., I'm heading east to my prelimanary target of Yuma, Colorado to gather data and prepare for initiation between 2 and 4 P.M. along the dryline, which should be draped from north/south from Sterling to Limon to Lamar.
I'm praying that the storm gods will look favorably upon us and allow for adequate surface heating and dews in the 50's... I really, really want to see a daytime tornado in Colorado!
EDIT - 1730 UTC Day 2 Outlook has hatched severe probs along dryline from southwestern SD through western NE across eastern CO down to the OK/TX Panhandles and mentions isolated supercells with a localized tornado threat.
