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Works fine on Yosemite here. Looks like it has iTerm-ish keyboard bindings too. Pity it doesn't have tabs, otherwise it might be usable as a daily shell.

What's weird on Mac is that it seems to use Command as the Control key.

Looks like a known issue: https://github.com/Swordfish90/cool-retro-term/issues/203

The Command key seems to act like the control key.

Fullscreen works fine for me (OS X 10.9)