Open a Terminal window with the front Finder window as path.

OpenTerminalWithPath.applescript

on run
	tell application "Finder"
		activate
		try
			set this_folder to (the target of the front window) as alias
		on error
			set this_folder to startup disk
		end try
		my open_terminal_window(this_folder)
	end tell
	tell application "Terminal"
		activate
	end tell
end run

on open finder_items
	repeat with this_item in finder_items
		my open_terminal_window(this_item)
	end repeat
end open

on open_terminal_window(finder_item)
	set path_to_open to POSIX path of finder_item
	repeat until path_to_open ends with "/"
		set path_to_open to text 1 thru -2 of path_to_open
	end repeat
	tell application "Terminal"
		do script with command "cd " & quoted form of path_to_open
	end tell
end open_terminal_window