In response to this post, yes, you actually can "run" PowerShell on Windows 2000. No, there is no out of the box way for it to run. No, it's not supported in the slightest. I'm not even sure it's technically legal (haven't read that Windows EULA in a long time). And even when it is running, there are likely to be things that don't work.
That said, here's how to get Windows PowerShell v1.0 to run on Windows 2000.
I've gone ahead and deciphered the update.inf file, so if you're feeling lazy, just download this file and follow these instructions. Note that the included scripts assume that Windows is installed in C:\WINNT. If it's elsewhere, you'll have to modify all the scripts & registry files.
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Disclaimer The opinions expressed herein are my own personal opinions and do not represent my employer's view in any way.