i have the GC on the floor next to me when i'm playing, cause the tv is like 3 metres away - not really the length of the cable is it.
My dad made some extension RGB cables that run along the wall into the amplifyer, and the power cord goes into the plug behind the chair, so when I don't play it, i put it on top of the Tv, which is the perfect spot, cause the games and the controllers fit on top there too.
It's far better than leaving it on the floor.