For all the fanfare of iPhone's pinch-to-zoom, just give me a button for zoom. Shoot. Honestly the iPhone could use a few buttons to make some of these actions easier, especially when holding the phone in one hand (pinch-to-zoom and pinch-to-zoom-out are definitely NOT trivial manuevers to pull off with just one hand). The Droid looks like it has four buttons on the face, let alone the plethora of buttons on the slide-out keyboard. So long as you can press a button for these actions, or at least program a button for these actions, I'm perfectly happy.
The iPhone's pinch zoom lets you control the focus and amount of zoom interactively.
That this shows up in the EU version of android is another red flag that this is about software patents.
My HTC Hero allows me to Pinch-Zoom emails and webpages. Did HTC just implement it themselves?