nothing happens for me. supposedly, the game stops and then you get to type in the code. so it should be clear if i had the console on. but nope, no dice. guess i'm just one of the unlucky few with an annoyingly annoying problem with the ~ key.
Oh, this is such awesome news. Since the ~ key doesn't work for everybody and a lot of people are having problems opening up the console in-game, this is possibly the best news I've heard ever.
I registered on nma just respond to this thread!