I wouldn't. Bring it on your carry-on. Bring the wires in case they ask you to turn it on.
That's what I did. Letting it go in the Cargo thing is how I lost my Computer, XBOX, and Gamecube. I traveled with my Wii twice as a carry-on and all was well.
With new rules though, they will make you take it out of your bag to show it to them. (Like a laptop) So, you should pack it near the top of your carry on.