not necisarilly, Things burst into flames all the time at supreme heat, Sure it wouldnt at first but i would imagine with bad ventalation and continuous play it would
For instance paper catches fire at 451 degrees, human bone catches fire at somewhere in the 600s, im sure wood would be somwhere around 500
Dont know how hot xboxes run but if your placing it all in a wooden box (wood doesnt stand to heat as well as metals), messing with the air ventilation, etc..you get the idea
Lol but i guess thats kind of off topic