Just recently there was a post to the cygwin mailing list, I typically won’t post items like this, but I felt this was an exception to the rule.

Hi, I'd like to introduce "MinTTY", a terminal emulator for Cygwin that I've been working on for a while. It is based on the terminal emulation and Windows frontend parts of PuTTY 0.60 by Simon Tatham and his team. Unlike PuTTYcyg, MinTTY discards PuTTY's networking functions, which are already convered by Cygwin's ssh and telnet packages. This results in simpler configuration, a leaner interface and small code size. MinTTY's most obvious difference to rxvt is its native Windows interface and configuration dialog. More info, as well as the latest sources and binary can be found on the project page: http://code.google.com/p/mintty The MinTTY discussion group can be found at: http://groups.google.com/group/mintty-discuss I hope you'll give MinTTY a try, and I'm looking forward to feedback and questions. Bug reports and feature requests can be sent via the issue tracker on the project page. Regards, Andy

I am using it currently; and quite honestly I think for an initial release it is quite good.