I have been waiting for this ever since I started using ArcGIS 5 years ago! The ability of the mouse scroll zoom to zoom to the cursor location (yes, just like CAD)! I stumbled onto this little gem while working on a coworkers computer, who had the zoom in/out reversed. He wanted it changed and right under the reverse zoom in/out option I find an option for “Wheel Zoom Centers On: Display or Cursor” To get there click Tools > Options > General Tab, down at the bottom.
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