While the Anzio apps have more options than EWAN, many users find EWAN and other telnet clients to be slightly easier to use. Also, while EWAN is freeware, Anzio Lite is shareware ($25) and the commercial Anzio client (AnzioWin) will set you back $150. Still, for those constantly in search of that ever-elusive perfect telnet client, here are two more for your perusal.
Pros: Terminal emulation with many features and connectivity options, SSH support
Cons: Not as cheap or as easy to use as EWAN or WinQVT's telnet client