offical Emacs 22.1: `term' problem on MS Windows

[Peter Tury <tury.peter@gmail.com>]

Hi,

I've just installed official v22.1 from gnu ftp server onto MS Windows
XP. I haven't customized it yet. I tried M-x term and got error:

"Spawning child process: invalid argument"

Then I digged into the code and saw that  term-exec-1 from term.el
uses "/bin/sh" unconditionally. I tried to comment it out, so I got:

"
    (apply 'start-process name buffer
;;	   "/bin/sh" "-c"
;;	   (format "stty -nl echo rows %d columns %d sane 2>/dev/null;\
;;if [ $1 = .. ]; then shift; fi; exec \"$@\""
;;		   term-height term-width)
;;	   ".."
	   command switches)))
"
and, for first sight it seems to work (since `command' has write
value: "C:/Program Files/emacs-22.1/bin/cmdproxy.exe").

Is this a known bug? Or I misused somethnig?

Thanks in advance,
P