On a modern display, this could far more productively be replaced with (1) any number of tiling WMs with console terminals in the panes (I use stumpwm for this), or---and you don't even need a GUI/WM for these---tmux or screen, or even emacs -nw, which give you a much more configurable and robust text-only environment. My normal working environment is a pretty heavily customized tmux (including powerline and full 256-color/unicode support) running on a machine that doesn't even have a GUI installed. (I do cheat a bit by using kmscon---or fbcon in the past---to get colour and font support on linux vttys.).