Minecraft Service

Download Minecraft Server
Download the latest Minecraft Server
Run it, and check that it is the correct version.

Download CraftBukkit
Download CraftBukkit
Edit the batch file RunServerWithMods.cmd:

@ECHO OFF
SET BINDIR=%~dp0
CD /D "%BINDIR%"
"C:\Program Files (x86)\Java\jre7\bin\java.exe" -Xmx1024M -Xms1024M -jar craftbukkit-1.5.2-R0.2-20130608.060232-13.jar -nojline

Test the server
Test the server by running RunServerWithMods.cmd. Check that the latest client will work with the new server.
Install Summary - Download yajsw and extract to any folder.
- Open task manager and find the "java" pid under processes. This is most likely your minecraft server.
- Open a command prompt and browse to the "bat" folder under yajsw. (ex. D:\yajsw-beta-10.3\bat).
- Run genConfig.bat  (ex. genConfig.bat 2467).

Note that the config writes the value
wrapper.java.app.jar = craftbukkit-1.5.2-R0.2-20130608.060232-13.jar

for future updates to Minecraft you just need to change this line entry pointing to the new bukkit version.

wrapper.conf
- Browse to "conf" folder (ex. D:\yajsw-beta-10.3\conf) and open wrapper.conf in a text editor.
- Set the working directory (wrapper.working.dir) to your minecraft .jar server file. (ex. \minecraftserver\ for D:\minecraftserver\).
- Uncomment wrapper.app.password and enter your admin account password. Make sure the username on the line above is correct (mine was MinecraftService).
- Fill in service name and descriptions (wrapper.ntservice.name)

Create/Install Service
- Run installService.bat from the bat directory. (ex. D:\yajsw-beta-10.3\bat)
- Open Services Manager through administration tools.
- Right click the server, properties.
- Browse to "Log On" tab.
- Change to "This Account" and use the same account in your wrapper.conf.

Start the service.

You may want to create a new user account for the service. In this scenario, go to Computer Management > User Rights Assignment and Configure for Logon as a Service. I also made my service account a member of the administrators service.