It's all about whatever saves the most space without sacrificing cooling. I sit the 360 on the hard drive end since the vents on the other end are closer to where the actual processor (and thus, most of the heat) is. Heat rises, so better it get out of the system through the open end than hoping it gets out around the (solid) hard drive block on the other end.
I don't need Cole for there to be another inFamous game. I would be perfectly fine with a new character (perhaps a woman, perish the thought) who finds power however he or she comes upon it. As long as the play mechanics are still solid, I don't care who this player character is or if this storyline continues. In fact, I'd prefer if they just wiped the slate clean, or at least started in a different location. NYC was better than this New Orleans outing. Give me a crowded metropolitan area to glide over and I'm in. How about London? Shanghai? Sydney? The world's a big place with plenty of stories to be told and heroes to be made. Let Cole rest. We can get on without him.