I still think it was used to prevent small items from sliding under the cubby. Try placing a credit card, key card or a small piece of paper (receipt, movie pass, coupons, etc.) on the console and then drive around. They will slide up and disappear. That piece of Velcro will prevent most things from sliding back there or at least slow them down long enough for you to grab them. I had to take my console apart twice to retrieve things that slid back there.