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1) I have no problem drilling & screwing into the console to install this. I would consider this a permanent installation, and I'd want it to be rigidly installed with strength and integrity. Tape (on that textured plastic surface), magnets, and/or a friction fit in the well just aren't going to cut it.
2) The side opening is fine. That's going to have the most sturdy hinge. A rear-hinging lid would be fragile and wobbly. Something that slides or accomodates drinks is going to be unneccessarily complex and fiddly. Simpler is better.
3) Adding a tiny channel for a power cord to exit would be fine, but that also could be very easily done by the owner himself with a hasp file as well.
In summary -- this design is very close to what is installed in the NB Miata and that works very well. It looks well-thought-out and well-executed as it sits. Go for it, as-is.
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