STaSh, yes, I know how to connect with this version. It's just that I find it convenient to have a list of sites I connected to before, like the UI version has. Just 'Alt,C,1' to connect to the last site you used. It's also a bit easier to configure (font, back buffer) than a DOS prompt, although that's less of an issue for me.
Ladi, thanks for the links. I just tested the Telnet program from Win98SE, and it seems to work fine under Win2K, so I'll just use that.