Unfortunately it has no effect on the menu in Windows Explorer which also dropped cmd for PowerShell recently.
HKCR\*\shell\Console Here\command
Default="%WINDIR%\system32\cmd.exe"
HKCR\Directory\shell\Console Here\command
Default="%WINDIR%\system32\cmd.exe /k cd %1"I found out recently you can just type "cmd" in the Explorer address bar and hit enter and it'll open cmd.exe to the current directory, so long as you're not in a special shell folder or an unmapped network share. That's saved me a bunch of time.
Your pointer will save me time.