NHC seems to be ready to jump the gun and declare the first tropical depression of the Eastern Pacific season. Here is there latest discussion:
THE AREA OF LOW PRESSURE CENTERED ABOUT 230 MILES SOUTH OF ACAPULCO IS SHOWING SOME SIGNS OF ORGANIZATION. WHILE UPPER-LEVEL WINDS HAVE BECOME LESS CONDUCIVE FOR ADDITIONAL DEVELOPMENT...ONLY A SLIGHT INCREASE IN ORGANIZATION COULD LEAD TO THE FORMATION OF A TROPICAL
DEPRESSION LATER TODAY OR TOMORROW. EVEN IF A DEPRESSION DOES NOT FORM...HEAVY RAINS COULD SPREAD ACROSS PORTIONS OF SOUTHEASTERN MEXICO DURING THE NEXT COUPLE OF DAYS. THESE RAINS COULD CAUSE LIFE-THREATENING FLASH FLOODS AND MUD SLIDES...ESPECIALLY IN MOUNTAINOUS TERRAIN.
I see the area they are talking about but would barely consider it worthy of depression status. There is clearly active convection, but nothing impressive. I think NHC is being a little generous early in the season. Check out the latest infrared shot.