diff --git a/.github/actions/spell-check/dictionary/apis.txt b/.github/actions/spell-check/dictionary/apis.txt
new file mode 100644
index 00000000000..637e714b960
--- /dev/null
+++ b/.github/actions/spell-check/dictionary/apis.txt
@@ -0,0 +1 @@
+rfind
diff --git a/src/cascadia/TerminalApp/AppLogic.cpp b/src/cascadia/TerminalApp/AppLogic.cpp
index 2b4d2e18474..51d2287e41f 100644
--- a/src/cascadia/TerminalApp/AppLogic.cpp
+++ b/src/cascadia/TerminalApp/AppLogic.cpp
@@ -138,6 +138,29 @@ catch (...)
 
 namespace winrt::TerminalApp::implementation
 {
+    // Function Description:
+    // - Get the AppLogic for the current active Xaml application, or null if there isn't one.
+    // Return value:
+    // - A pointer (bare) to the applogic, or nullptr. The app logic outlives all other objects,
+    //   unless the application is in a terrible way, so this is "safe."
+    AppLogic* AppLogic::Current() noexcept
+    try
+    {
+        if (auto currentXamlApp{ winrt::Windows::UI::Xaml::Application::Current().try_as<winrt::TerminalApp::App>() })
+        {
+            if (auto appLogicPointer{ winrt::get_self<AppLogic>(currentXamlApp.Logic()) })
+            {
+                return appLogicPointer;
+            }
+        }
+        return nullptr;
+    }
+    catch (...)
+    {
+        LOG_CAUGHT_EXCEPTION();
+        return nullptr;
+    }
+
     AppLogic::AppLogic() :
         _dialogLock{},
         _loadedInitialSettings{ false },
@@ -862,6 +885,32 @@ namespace winrt::TerminalApp::implementation
         return { L"" };
     }
 
+    winrt::hstring AppLogic::ApplicationDisplayName() const
+    {
+        try
+        {
+            const auto package{ winrt::Windows::ApplicationModel::Package::Current() };
+            return package.DisplayName();
+        }
+        CATCH_LOG();
+
+        return RS_(L"ApplicationDisplayNameUnpackaged");
+    }
+
+    winrt::hstring AppLogic::ApplicationVersion() const
+    {
+        try
+        {
+            const auto package{ winrt::Windows::ApplicationModel::Package::Current() };
+            const auto version{ package.Id().Version() };
+            winrt::hstring formatted{ wil::str_printf<std::wstring>(L"%u.%u.%u.%u", version.Major, version.Minor, version.Build, version.Revision) };
+            return formatted;
+        }
+        CATCH_LOG();
+
+        return RS_(L"ApplicationVersionUnknown");
+    }
+
     // -------------------------------- WinRT Events ---------------------------------
     // Winrt events need a method for adding a callback to the event and removing the callback.
     // These macros will define them both for you.
diff --git a/src/cascadia/TerminalApp/AppLogic.h b/src/cascadia/TerminalApp/AppLogic.h
index 99a8b93915b..dfff44f18fe 100644
--- a/src/cascadia/TerminalApp/AppLogic.h
+++ b/src/cascadia/TerminalApp/AppLogic.h
@@ -15,6 +15,8 @@ namespace winrt::TerminalApp::implementation
     struct AppLogic : AppLogicT<AppLogic>
     {
     public:
+        static AppLogic* Current() noexcept;
+
         AppLogic();
         ~AppLogic() = default;
 
@@ -28,6 +30,9 @@ namespace winrt::TerminalApp::implementation
         int32_t SetStartupCommandline(array_view<const winrt::hstring> actions);
         winrt::hstring EarlyExitMessage();
 
+        winrt::hstring ApplicationDisplayName() const;
+        winrt::hstring ApplicationVersion() const;
+
         Windows::Foundation::Point GetLaunchDimensions(uint32_t dpi);
         winrt::Windows::Foundation::Point GetLaunchInitialPositions(int32_t defaultInitialX, int32_t defaultInitialY);
         winrt::Windows::UI::Xaml::ElementTheme GetRequestedTheme();
diff --git a/src/cascadia/TerminalApp/AppLogic.idl b/src/cascadia/TerminalApp/AppLogic.idl
index 1fecbfb34bd..bd01b43e49a 100644
--- a/src/cascadia/TerminalApp/AppLogic.idl
+++ b/src/cascadia/TerminalApp/AppLogic.idl
@@ -35,6 +35,9 @@ namespace TerminalApp
 
         String Title { get; };
 
+        String ApplicationDisplayName { get; };
+        String ApplicationVersion { get; };
+
         Windows.Foundation.Point GetLaunchDimensions(UInt32 dpi);
         Windows.Foundation.Point GetLaunchInitialPositions(Int32 defaultInitialX, Int32 defaultInitialY);
         Windows.UI.Xaml.ElementTheme GetRequestedTheme();
diff --git a/src/cascadia/TerminalApp/CascadiaSettings.cpp b/src/cascadia/TerminalApp/CascadiaSettings.cpp
index 04418485228..6c0937780a0 100644
--- a/src/cascadia/TerminalApp/CascadiaSettings.cpp
+++ b/src/cascadia/TerminalApp/CascadiaSettings.cpp
@@ -27,18 +27,17 @@ static constexpr std::wstring_view PACKAGED_PROFILE_ICON_PATH{ L"ms-appx:///Prof
 static constexpr std::wstring_view PACKAGED_PROFILE_ICON_EXTENSION{ L".png" };
 static constexpr std::wstring_view DEFAULT_LINUX_ICON_GUID{ L"{9acb9455-ca41-5af7-950f-6bca1bc9722f}" };
 
+// make sure this matches defaults.json.
+static constexpr std::wstring_view DEFAULT_WINDOWS_POWERSHELL_GUID{ L"{61c54bbd-c2c6-5271-96e7-009a87ff44bf}" };
+
 // Method Description:
 // - Returns the settings currently in use by the entire Terminal application.
 // Throws:
 // - HR E_INVALIDARG if the app isn't up and running.
 const CascadiaSettings& CascadiaSettings::GetCurrentAppSettings()
 {
-    auto currentXamlApp{ winrt::Windows::UI::Xaml::Application::Current().as<winrt::TerminalApp::App>() };
-    THROW_HR_IF_NULL(E_INVALIDARG, currentXamlApp);
-
-    auto appLogic = winrt::get_self<winrt::TerminalApp::implementation::AppLogic>(currentXamlApp.Logic());
+    auto appLogic{ ::winrt::TerminalApp::implementation::AppLogic::Current() };
     THROW_HR_IF_NULL(E_INVALIDARG, appLogic);
-
     return *(appLogic->GetSettings());
 }
 
@@ -70,7 +69,7 @@ CascadiaSettings::CascadiaSettings(const bool addDynamicProfiles)
 // - profileName: the name of the profile's GUID to return.
 // Return Value:
 // - the GUID associated with the profile name.
-std::optional<GUID> CascadiaSettings::FindGuid(const std::wstring& profileName) const noexcept
+std::optional<GUID> CascadiaSettings::FindGuid(const std::wstring_view profileName) const noexcept
 {
     std::optional<GUID> profileGuid{};
 
@@ -673,3 +672,38 @@ void CascadiaSettings::_ValidateKeybindings()
         _warnings.insert(_warnings.end(), keybindingWarnings.begin(), keybindingWarnings.end());
     }
 }
+
+// Method Description
+// - Replaces known tokens DEFAULT_PROFILE, PRODUCT and VERSION in the settings template
+//   with their expected values. DEFAULT_PROFILE is updated to match PowerShell Core's GUID
+//   if such a profile is detected. If it isn't, it'll be set to Windows PowerShell's GUID.
+// Arguments:
+// - settingsTemplate: a settings template
+// Return value:
+// - The new settings string.
+std::string CascadiaSettings::_ApplyFirstRunChangesToSettingsTemplate(std::string_view settingsTemplate) const
+{
+    std::string finalSettings{ settingsTemplate };
+    auto replace{ [](std::string& haystack, std::string_view needle, std::string_view replacement) {
+        auto pos{ std::string::npos };
+        while ((pos = haystack.rfind(needle, pos)) != std::string::npos)
+        {
+            haystack.replace(pos, needle.size(), replacement);
+        }
+    } };
+
+    std::wstring defaultProfileGuid{ DEFAULT_WINDOWS_POWERSHELL_GUID };
+    if (const auto psCoreProfileGuid{ FindGuid(PowershellCoreProfileGenerator::GetPreferredPowershellProfileName()) })
+    {
+        defaultProfileGuid = Utils::GuidToString(*psCoreProfileGuid);
+    }
+
+    replace(finalSettings, "%DEFAULT_PROFILE%", til::u16u8(defaultProfileGuid));
+    if (const auto appLogic{ winrt::TerminalApp::implementation::AppLogic::Current() })
+    {
+        replace(finalSettings, "%VERSION%", til::u16u8(appLogic->ApplicationVersion()));
+        replace(finalSettings, "%PRODUCT%", til::u16u8(appLogic->ApplicationDisplayName()));
+    }
+
+    return finalSettings;
+}
diff --git a/src/cascadia/TerminalApp/CascadiaSettings.h b/src/cascadia/TerminalApp/CascadiaSettings.h
index 50a89b25340..7d84176f718 100644
--- a/src/cascadia/TerminalApp/CascadiaSettings.h
+++ b/src/cascadia/TerminalApp/CascadiaSettings.h
@@ -69,7 +69,7 @@ class TerminalApp::CascadiaSettings final
     static std::filesystem::path GetSettingsPath();
     static std::filesystem::path GetDefaultSettingsPath();
 
-    std::optional<GUID> FindGuid(const std::wstring& profileName) const noexcept;
+    std::optional<GUID> FindGuid(const std::wstring_view profileName) const noexcept;
     const Profile* FindProfile(GUID profileGuid) const noexcept;
 
     std::vector<TerminalApp::SettingsLoadWarnings>& GetWarnings();
@@ -95,6 +95,7 @@ class TerminalApp::CascadiaSettings final
     static const Json::Value& _GetDisabledProfileSourcesJsonObject(const Json::Value& json);
     bool _PrependSchemaDirective();
     bool _AppendDynamicProfilesToUserSettings();
+    std::string _ApplyFirstRunChangesToSettingsTemplate(std::string_view settingsTemplate) const;
 
     void _ApplyDefaultsFromUserSettings();
 
diff --git a/src/cascadia/TerminalApp/CascadiaSettingsSerialization.cpp b/src/cascadia/TerminalApp/CascadiaSettingsSerialization.cpp
index bf3939ec586..f11c6080eff 100644
--- a/src/cascadia/TerminalApp/CascadiaSettingsSerialization.cpp
+++ b/src/cascadia/TerminalApp/CascadiaSettingsSerialization.cpp
@@ -74,20 +74,22 @@ std::unique_ptr<CascadiaSettings> CascadiaSettings::LoadAll()
     {
         resultPtr->_ParseJsonString(fileData.value(), false);
     }
-    else
+
+    // Load profiles from dynamic profile generators. _userSettings should be
+    // created by now, because we're going to check in there for any generators
+    // that should be disabled (if the user had any settings.)
+    resultPtr->_LoadDynamicProfiles();
+
+    if (!fileHasData)
     {
         // We didn't find the user settings. We'll need to create a file
         // to use as the user defaults.
         // For now, just parse our user settings template as their user settings.
-        resultPtr->_ParseJsonString(UserSettingsJson, false);
+        auto userSettings{ resultPtr->_ApplyFirstRunChangesToSettingsTemplate(UserSettingsJson) };
+        resultPtr->_ParseJsonString(userSettings, false);
         needToWriteFile = true;
     }
 
-    // Load profiles from dynamic profile generators. _userSettings should be
-    // created by now, because we're going to check in there for any generators
-    // that should be disabled.
-    resultPtr->_LoadDynamicProfiles();
-
     // See microsoft/terminal#2325: find the defaultSettings from the user's
     // settings. Layer those settings upon all the existing profiles we have
     // (defaults and dynamic profiles). We'll also set
@@ -902,5 +904,9 @@ const Json::Value& CascadiaSettings::_GetProfilesJsonObject(const Json::Value& j
 //   given object
 const Json::Value& CascadiaSettings::_GetDisabledProfileSourcesJsonObject(const Json::Value& json)
 {
+    if (!json)
+    {
+        return Json::Value::nullSingleton();
+    }
     return json[JsonKey(DisabledProfileSourcesKey)];
 }
diff --git a/src/cascadia/TerminalApp/DefaultProfileUtils.cpp b/src/cascadia/TerminalApp/DefaultProfileUtils.cpp
index c6eca459cb1..02222fdcb61 100644
--- a/src/cascadia/TerminalApp/DefaultProfileUtils.cpp
+++ b/src/cascadia/TerminalApp/DefaultProfileUtils.cpp
@@ -21,7 +21,7 @@ TerminalApp::Profile CreateDefaultProfile(const std::wstring_view name)
                                                                     gsl::as_bytes(gsl::make_span(name))) };
     TerminalApp::Profile newProfile{ profileGuid };
 
-    newProfile.SetName(static_cast<std::wstring>(name));
+    newProfile.SetName(name);
 
     std::wstring iconPath{ PACKAGED_PROFILE_ICON_PATH };
     iconPath.append(Microsoft::Console::Utils::GuidToString(profileGuid));
diff --git a/src/cascadia/TerminalApp/PowershellCoreProfileGenerator.cpp b/src/cascadia/TerminalApp/PowershellCoreProfileGenerator.cpp
index d3285d34bd6..2c2ba87d48a 100644
--- a/src/cascadia/TerminalApp/PowershellCoreProfileGenerator.cpp
+++ b/src/cascadia/TerminalApp/PowershellCoreProfileGenerator.cpp
@@ -21,6 +21,7 @@ static constexpr std::wstring_view POWERSHELL_PREVIEW_PFN{ L"Microsoft.PowerShel
 static constexpr std::wstring_view PWSH_EXE{ L"pwsh.exe" };
 static constexpr std::wstring_view POWERSHELL_ICON{ L"ms-appx:///ProfileIcons/pwsh.png" };
 static constexpr std::wstring_view POWERSHELL_PREVIEW_ICON{ L"ms-appx:///ProfileIcons/pwsh-preview.png" };
+static constexpr std::wstring_view POWERSHELL_PREFERRED_PROFILE_NAME{ L"PowerShell" };
 
 namespace
 {
@@ -322,8 +323,17 @@ std::vector<TerminalApp::Profile> PowershellCoreProfileGenerator::GenerateProfil
         // (or the closest approximation thereof). It may choose a preview instance as the "best" if it is a higher version.
         auto firstProfile = profiles.begin();
         firstProfile->SetGuid(PowershellCoreGuid);
-        firstProfile->SetName(L"PowerShell");
+        firstProfile->SetName(POWERSHELL_PREFERRED_PROFILE_NAME);
     }
 
     return profiles;
 }
+
+// Function Description:
+// - Returns the thing it's named for.
+// Return value:
+// - the thing it says in the name
+const std::wstring_view PowershellCoreProfileGenerator::GetPreferredPowershellProfileName()
+{
+    return POWERSHELL_PREFERRED_PROFILE_NAME;
+}
diff --git a/src/cascadia/TerminalApp/PowershellCoreProfileGenerator.h b/src/cascadia/TerminalApp/PowershellCoreProfileGenerator.h
index 7514fd781aa..eb529358843 100644
--- a/src/cascadia/TerminalApp/PowershellCoreProfileGenerator.h
+++ b/src/cascadia/TerminalApp/PowershellCoreProfileGenerator.h
@@ -23,6 +23,8 @@ namespace TerminalApp
     class PowershellCoreProfileGenerator : public TerminalApp::IDynamicProfileGenerator
     {
     public:
+        static const std::wstring_view GetPreferredPowershellProfileName();
+
         PowershellCoreProfileGenerator() = default;
         ~PowershellCoreProfileGenerator() = default;
         std::wstring_view GetNamespace() override;
diff --git a/src/cascadia/TerminalApp/Profile.cpp b/src/cascadia/TerminalApp/Profile.cpp
index 7380e10c5d1..f9e30cbf387 100644
--- a/src/cascadia/TerminalApp/Profile.cpp
+++ b/src/cascadia/TerminalApp/Profile.cpp
@@ -718,9 +718,9 @@ void Profile::SetStartingDirectory(std::wstring startingDirectory) noexcept
     _startingDirectory = std::move(startingDirectory);
 }
 
-void Profile::SetName(std::wstring name) noexcept
+void Profile::SetName(const std::wstring_view name) noexcept
 {
-    _name = std::move(name);
+    _name = static_cast<std::wstring>(name);
 }
 
 void Profile::SetUseAcrylic(bool useAcrylic) noexcept
diff --git a/src/cascadia/TerminalApp/Profile.h b/src/cascadia/TerminalApp/Profile.h
index ba28b9beedb..f14e762d7ba 100644
--- a/src/cascadia/TerminalApp/Profile.h
+++ b/src/cascadia/TerminalApp/Profile.h
@@ -79,7 +79,7 @@ class TerminalApp::Profile final
     void SetAcrylicOpacity(double opacity) noexcept;
     void SetCommandline(std::wstring cmdline) noexcept;
     void SetStartingDirectory(std::wstring startingDirectory) noexcept;
-    void SetName(std::wstring name) noexcept;
+    void SetName(const std::wstring_view name) noexcept;
     void SetUseAcrylic(bool useAcrylic) noexcept;
     void SetDefaultForeground(COLORREF defaultForeground) noexcept;
     void SetDefaultBackground(COLORREF defaultBackground) noexcept;
diff --git a/src/cascadia/TerminalApp/Resources/en-US/Resources.resw b/src/cascadia/TerminalApp/Resources/en-US/Resources.resw
index 465fa3727e8..ca7c73488eb 100644
--- a/src/cascadia/TerminalApp/Resources/en-US/Resources.resw
+++ b/src/cascadia/TerminalApp/Resources/en-US/Resources.resw
@@ -266,11 +266,11 @@ Temporarily using the Windows Terminal default settings.
     <value>Privacy Policy</value>
     <comment>A hyperlink name for the Terminal's privacy policy</comment>
   </data>
-  <data name="AboutDialog_DisplayNameUnpackaged" xml:space="preserve">
+  <data name="ApplicationDisplayNameUnpackaged" xml:space="preserve">
     <value>Windows Terminal (Unpackaged)</value>
     <comment>This display name is used when the application's name cannot be determined</comment>
   </data>
-  <data name="AboutDialog_VersionUnknown" xml:space="preserve">
+  <data name="ApplicationVersionUnknown" xml:space="preserve">
     <value>Unknown</value>
     <comment>This is displayed when the version of the application cannot be determined</comment>
   </data>
@@ -283,4 +283,4 @@ Temporarily using the Windows Terminal default settings.
   <data name="CloseAllDialog.Title" xml:space="preserve">
     <value>Do you want to close all tabs?</value>
   </data>
-</root>
+</root>
\ No newline at end of file
diff --git a/src/cascadia/TerminalApp/TerminalPage.cpp b/src/cascadia/TerminalApp/TerminalPage.cpp
index 7ca074a3166..5df4710db4d 100644
--- a/src/cascadia/TerminalApp/TerminalPage.cpp
+++ b/src/cascadia/TerminalApp/TerminalPage.cpp
@@ -5,6 +5,7 @@
 #include "TerminalPage.h"
 #include "ActionAndArgs.h"
 #include "Utils.h"
+#include "AppLogic.h"
 #include "../../types/inc/utils.hpp"
 
 #include <LibraryResources.h>
@@ -234,28 +235,22 @@ namespace winrt::TerminalApp::implementation
 
     winrt::hstring TerminalPage::ApplicationDisplayName()
     {
-        try
+        if (const auto appLogic{ implementation::AppLogic::Current() })
         {
-            const auto package{ winrt::Windows::ApplicationModel::Package::Current() };
-            return package.DisplayName();
+            return appLogic->ApplicationDisplayName();
         }
-        CATCH_LOG();
 
-        return RS_(L"AboutDialog_DisplayNameUnpackaged");
+        return RS_(L"ApplicationDisplayNameUnpackaged");
     }
 
     winrt::hstring TerminalPage::ApplicationVersion()
     {
-        try
+        if (const auto appLogic{ implementation::AppLogic::Current() })
         {
-            const auto package{ winrt::Windows::ApplicationModel::Package::Current() };
-            const auto version{ package.Id().Version() };
-            winrt::hstring formatted{ wil::str_printf<std::wstring>(L"%u.%u.%u.%u", version.Major, version.Minor, version.Build, version.Revision) };
-            return formatted;
+            return appLogic->ApplicationVersion();
         }
-        CATCH_LOG();
 
-        return RS_(L"AboutDialog_VersionUnknown");
+        return RS_(L"ApplicationVersionUnknown");
     }
 
     // Method Description:
diff --git a/src/cascadia/TerminalApp/userDefaults.json b/src/cascadia/TerminalApp/userDefaults.json
index e5b325a1d86..1e2dedbe857 100644
--- a/src/cascadia/TerminalApp/userDefaults.json
+++ b/src/cascadia/TerminalApp/userDefaults.json
@@ -1,10 +1,12 @@
+// This file was generated by %PRODUCT% %VERSION%
+
 // To view the default settings, hold "alt" while clicking on the "Settings" button.
 // For documentation on these settings, see: https://aka.ms/terminal-documentation
 
 {
     "$schema": "https://aka.ms/terminal-profiles-schema",
 
-    "defaultProfile": "{61c54bbd-c2c6-5271-96e7-009a87ff44bf}",
+    "defaultProfile": "%DEFAULT_PROFILE%",
 
     "profiles":
     {