2019 Update:
- Microsoft has released the terminal app on Github & the Windows Store, and it has tabs, panels, acrylic transparency, and other features.
2016 Update:
- Windows 10’s default conhost UI has more features, including free resize, transparency, etc (this includes cmd & powershell)
- I now use ConEmu (walkthrough here) which has many features including tabs & split panes.
- Other options include Cmder (which comes with additional tools built in), and ConsoleZ (a fork of Console2).
- Console appears to no longer be updated