Console2 + Cygwin

http://blog.quibb.org/2011/11/configuring-console2-with-cygwin/

1. Launch Console2
2. Open settings through Edit > Settings
3. Click tabs from the tree on the left
4. Click the ‘Add’ button to add a new tab
5. Set the title to ‘Cygwin’ (or another appropriate name)
6. In the ‘Shell’ field put: C:\cygwin\bin\bash.exe –login -i -c “cd /cygdrive/c/Users/<username>/<path>/; exec /bin/bash”
   • Replace username with your login name, and the path with the path you want to use relative your home directory.  This can also be used to start in other paths on the system.
   • This launched cygwin with the command to change the path and then launches bash again so the console window will stay open.
   • You don’t have to put anything in ‘Startup dir’
7. You should be set to open Cygwin tabs to a specific directory in Console2.

Also a very good reference here:

Developer Notes: Configuring Console 2 and bash with cygwin on Windows XP