Open commend prompt at the current directory

In Windows XP, there is powertoy which lets you to open a command prompt window at the selected directory. However, there is none for Windows 7. After a bit of searching, it seems this is now an in built feature of Windows 7. You can simply open a command prompt at a selected directory by SHIFT+right click. This would bring up a more advanced pop-up menu which has the Open Command Window Here option.