There is an easy way to activate or show the Hyper terminal in windows 7, just go to a computer that is still using Windows XP, then Copy the two files associated with hyper terminal, hypertrm.exe and hypertrm.dll
• The location of files (in Windows XP):
C:\Program Files\Windows NT\hypertrm.exe
• Then save it to your computer Windows 7, (create a new folder and paste those 2 files )
• Execute the file hypertrm.exe to run the Windows Hyper Terminal
If you don't have Windows XP computer, you can download the file here
There is a slight disadvantage that the icon does not appear, but in my opinion it does not matter because it works with normal function and no problem happens.
This trick is also can be used for Windows 8