A hot take here is that the whole async thing is a hidden control flow. Some people noticed that ever since plain callbacks were touted as a "webscale" way to do concurrency. The sequence of callbacks being executed or canceled forms a hidden, implicit control flow running concurrently with the main control logic. It can be harder to debug and manage than threads.
But that said, unless, Zig adds a runtime with its own scheduler and turns into a bytecode VM, there is not much it can do. Co-routines and green threads have been done before in C and C-like languages, but not sure how easily the would fit with Zig and its philosophy.