So right now the latest runs are showing big storm developments down through central and northern Nebraska around 5 PM. These sweep east and southeast through the state. Powerful storms also develop over NW Iowa and track southeast as well. Many of these storms appear to stay discrete for a decent period of time (that's when strong tornado formation is most likely).
CAPE values of 1500-3000+ are forecast. Forecasted shear values are extremly high during the time of storm formation and propagation in those areas. The helicity values are also supposed to be high. In short, all the ingredients for extremely strong storms and potentially strong tornadoes are forecast to be there. Now that daytime convective heating has started, I'd say we've got a good chance of seeing some serious sh#t go down. GI, Lincoln, Omaha, etc will be under the gun (basically most of central and eastern Nebraska). Most of Iowa will be, too.
The current storm in NE has reported 100 mph winds and golf ball sized hail. We'll see more of that. A lot more. A derecho wouldn't be surprising up in the northeast of Nebraska or NW of Iowa.