In the previous versions, you had to install registry hacks to add the “Open command prompt here” to the right click context menu. But you do not have to do this in Windows 7. It already supports opening the command prompt pointing to any folder. Here is how you can do this :
Suppose you want to open a command prompt window pointing to a folder C:Downloads (just for example). Then hold down the Shift key and while you are still holding down the Shift key, right click on the folder. This is shown in the picture below :
You can use the left shift or the right shift key on your keyboard, it does not matter. From the right-click menu, select the Open command window here as shown in the picture above. You would find a command prompt window open up pointing to the folder on which you right-clicked. This is shown in the picture below :
Although you can launch the command prompt window from Start Menu → All Programs → Accessories, but you cannot auto set the path like in this method. This is very good and useful for programmer, and those people who need to open command prompt often.