A new tropical depression has formed in the northwestern Caribbean. This is expected to intensify to tropical storm Richard, which will move northwest towards if not past the Yucatan Peninsula. Worth keeping an eye on.
Typhoon Megi continues to churn its way north towards China, with winds slowly decreasing, currently at 95 knots (110 mph). The storm will make landfall in the early hours of Saturday to the east of Hong Kong.
The Bay of Bengal is also hosting a tropical phenomenon, here it is termed a tropical cyclone. 04B is headed east and will make landfall in Burma (now known as Myanmar). This system will reach 60 knots as maximum sustained windspeed (that's equivalent to force 11 on the Beaufort scale), but I think rain will be a bigger problem.
To add to the fun, there are two tropical disturbances out in the Pacific which have a good chance (50% or more) of becoming fully fledged tropical cyclones. One is located northwest of Guam, the other west of Wake Island.