PowerShell to list SharePoint 2007 lists

I wanted to get a quick list of all the lists in our SharePoint 2007 environment. With PowerShell 2, it is easy.

$lists = New-WebServiceProxy -UseDefaultCredential -uri http://sharepoint2007.company.com/_vti_bin/lists.asmx?WSDL
$lists.GetListCollection().List | select Title, Name