iTerm 2
What is iTerm2?
iTerm2 is a replacement for Terminal and the successor to iTerm. It works on Macs with Leopard or Snow Leopard. Its focus is on performance, internationalization, and supporting innovative features that make your life better.
Why Do I Want It?
Compare iTerm2 to iTerm, or compare iTerm2 to Terminal.app. Still unsure? Check out the features and screenshots!
How Do I Use It?
Try the FAQ or the docs. Got problems or ideas? Report them in the bug tracker, or take it to the forum. Or tweet to @gnachman and I'll do my best to respond.
via sites.google.com
I just found iTerm, an open source replacement of the standard Mac Terminal.app. Looks great, even though it's still in alpha stage.