I too know that its been done in that jack location. Also, I was reasonably successful working on another wasted area of the car, and that was the space taken up by the foam blocking under the carpet. With fiberglassing, you can use this space to form a 10" slim-style sub box, all under the factory carpet for a truly stealth look.
I eventually gave up on this idea and stole the spare tire well, in an attempt to put a much more low-reaching 10" sub known as an LMT sub. This means I have the equivelant of a home theater sub in my spare tire well, and it works damn well. I just stuff the spare tire on top of the trunk area in a bag, if I am going on a long trip. You figure that this car has low pressure tire sensors, and therefore will provide you warning that a tire is low before it has reached a critical situation. This means you can add air, or get home and get your spare, in daily driving situations.
I'll be changing this eventually to work on a different solution, because I overbuilt the box and it weighs too much despite being mostly fiberglass. The sub itself weighs 40 lbs, and the box another 40 or so. I've gotta find a lighter sub that still gets close in performance. My tube amps are also a bit heavy, but wonderful to use, so I got to work on that too...
Oh, anyway, back on topic...
If you want, you can fab up a fiberglass box under the factory cover, flowing along the lines of the spare tire well. This would let you access the spare tire, have your sub, and have room for your amps on the other side. I can post pics if this is interesting to you.