Looks like it'll be a good storm for east coast surfers. Once the storm encounters the cold front that's currently pushing offshore, it will take the turn towards the northeast and ride the Gulf Stream offshore. After a few days, it will become extratropical. Hatteras should still see tropical storm force winds, but I think it's alll offshore after that.
Surfers up in New Jersey and on Long Island will have a ball, the storm will be far enough offshore for the nice long rolling swells. When a storm passes too close to shore, the surf gets too sloppy.