From Mac OS X Hints - How to add ANSI color to Terminal.app (I like how programs end in '.app' :)).But if you like it it's $95 which is NOT cheap.
I don't know where Mac software likes to hide ). If you dig deeper or try harder, you might have more success. A quick Google search didn't turn up much, here are the only two things I found. I don't use OS X (although I intend to soon when I buy a new PC), so I can't offer much.
