conemu
Conemu https://code.google.com/p/conemu-maximus5/
Stability varies between versions, but it's capable of wrapping most windows console apps, including powershell. Can be configured for xterm-like features, such as mouse-select, copy-after-select and middle-button paste. Alternately, the powershell ISE isn't too bad if you're developing scripts, but a bit of a miss for general use and you lose the xterm select.
The MS Scrpting Guy has some nifty tips and provides (generally) good references and more-info links.
Best of luck with it and remember, chained pipes don't work for remoted sessions.
Biting the hand that feeds IT
