Equivalent of 'more' or 'less' command in Powershell?

Is there a way to paginate output by piping it to a more or less command, similar to those that are available in Linux\Unix shells?

Yes there is:

some-cmdlet | out-host -paging

Well... There is "more", which is more or less (...) the same you'd expect from other platforms. Try the following example:

dir -rec | more

dir -rec | more is bad advice.

It will cause powershell to evaluate the entire command prior to outputting it to the screen, something that is not needed for something like output paginating

In some extreme cases, it could cause the system to crash (e.g. dir 'C:\' | more)

On the other hand, using out-host -paging will output information to the screen as it is available.