Windows 7: Open terminal from Explorer

Let's say you have an Explorer window showing a directory and want a cmd terminal to be opened there.\
While you needed a PowerToy Show archive.org snapshot on Windows XP, this is a build-in feature for Windows 7.

Simply press and hold the Shift key and right-click a folder icon or into empty space of an Explorer window.\
Then, choose "Open Command Window Here" from the context menu.