Well, it's your choice to have it disabled or enabled but a little bird told me that:
1. You can't actually cheat by playing with stock console stuff. (Chuck Norris can though, but that's Chuck.)
2. Cheaters actually don't care about console at all. All the stuff they need (Aimbots, wallhacks, etc. etc.) are working perfectly fine without console.
3. Binds (magic!).
4. Most cheats can actually still open the console even if it was disabled, i can even give you a source code for that one:
https://github.com/BratokHR/CrazyBot...nager.cpp#L104