It sounds like you're asking for two different things here:
cmd.exe is a shell, and that's the guy that's parked.
conhost.exe is a terminal, and that's under active development, though it's slower than something like VsCode, because we can't just go adding features as we see fit, we have a LOT of back compat we still need to support.
Fortunately, conpty will allow for the creation of new terminal applications on Windows. If you're looking for a better shell experience on windows, I can point you to powershell or even [yori](http://www.malsmith.net/yori/), which looks pretty cool
