Pin the smart_cmd.exe to your Windows 7 taskbar and it will open a command prompt at the location where you currently are in the Windows Explorer.
smart_cmd.exe Normal version, uses cmd.exe.
smart_powershell.exe Runs the Windows PowerShell (64 bit) instead.
If smart_cmd.exe doesn't work, please download the Debug build:
When you run it you should see additional output. Please fill a bug report and I will try to fix it as soon as possible.
smart_cmd for MSYS
If you're using MSYS, you can use smart_msys.exe which prints the current path of the Windows Explorer.
Then create a .profile file in your MSYS home folder along with smart_msys.exe and add:
To pin MSYS to the taskbar use ConEmu.