under the seat may not be the best location, but inside the console is certainly not the best location either.
with that truck you are very limited with your installation/location options, but I don't think that the center console is the best option. if you do decice to mount it there, then I would recommend cutting a hole and putting a fan in the back of the console instead of cutting slots in the side. if you use a hole-saw to cut the fan opening and paint thre fan grille to match the colsole color I wouldn't look bad at all, and should provide enough airflow to keep things cool (you may have to cut slots or add an intake fan on the inside of the console to allow cooler air in). I would consider your center console your last option.
I had a 2004 Dodge Dakota SLT Quad Cab. if yours is a quad cab then there's lots of room behind the rear seat backs to mount it (I had two 12" subs and an 800w
amplifier mounted back there in my truck). if yours is a regular/standard cab then you should probably have similar space behind the driver and front passenger seats.
if for whatever reason behind the seats is not an option for you, then I would recommend you look into installing it under a seat (make sure you tie down all wires to avoid catching any of them in the seat mechanisms). is there enough clearance to slide the seat back and forth?
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