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Definitely doing this...
I wouldn't worry about getting it stolen. Mounted that high it's probably pretty hard to see unless you're looking specifically for something up that high. I have had a Valentine One (~$400) mounted up high in my cars for years and never had any problems. Although, it probably depends on where you live and whether or not you park in a garage at night.
EDIT: Now that I think about it, living in a nicer neighborhood we still have break-ins with cars parked in the driveway or at the curb. I would just install it so you can remove it easily and put it in your glove box or something after you leave your car.
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