PowerShell Here shell extension
It ain't pretty (you have to 'exit' twice, once for the powershell and once for cmd, and it would be nice to set the window title) but it works and it'll do for now.
Windows Registry Editor Version 5.00
[HKEY_CLASSES_ROOT\Directory\shell\PSHere]
@="PowerShell Here..."
[HKEY_CLASSES_ROOT\Directory\shell\PSHere\command]
@="cmd.exe /k \"powershell.exe -NoExit -Command Set-Location %L\""
Windows Registry Editor Version 5.00
[HKEY_CLASSES_ROOT\Directory\shell\PSHere]
@="PowerShell Here..."
[HKEY_CLASSES_ROOT\Directory\shell\PSHere\command]
@="cmd.exe /k \"powershell.exe -NoExit -Command Set-Location %L\""
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