Copy of the answer from stackoverflow.
I'm the author of ConEmu - opensource console emulator with tabs, which represents multiple consoles and simple GUI applications as one customizable GUI window.
Initially, the program was designed to work with Far Manager (my favorite shell replacement - file and archive management, command history and completion, powerful editor). But ConEmu can be used with any other console application or simple GUI tools (like PuTTY for example). ConEmu is a live project, open to suggestions.
A brief excerpt from the long list of options:
- Smooth resize, maximized and fullscreen window modes
- User friendly text and block selection (from keyboard or mouse), copy, paste, text search in console
- Optional settings (e.g. pallette) for selected applications
- ANSI X3.64 and Xterm 256 color
- Use any font installed in the system, or copied to a folder of the program (ttf, otf, fon, bdf)
- Run selected tabs as Administrator (Vista+) or as selected user
- Windows 7 Jump lists and Progress on taskbar
- Integration with DosBox (useful in 64bit systems to run DOS applications)
- Scrollbar initially hidden, may be revealed by mouseover or checkbox in settings
Far Manager users will acquire shell style drag-n-drop, thumbnails and tiles in panles, tabs for editors and viewers, true colors and font styles (italic/bold/underline).