Opera has announced that they will be launching a beta version of Oper Mobile for Android smartphones withing the next month. One of the new features in Opera Mobile for Android will be pinch to zoom.
The current versions of Opera Mobile and Opera Mini have two levels of zoom. One for the full page width and one for zooming in to read the text. With the introduction of pinch to zoom you are in full control of the zoom level. Text redraws almost instantly at all zoom levels, so text will always look sharp and easy to read. All this without compromising the speed or data compression in Opera Mini and Opera Mobile!
Opera has also announced that the iPhone version of Oper Mobile will be updated to support pinch to zoom and will also support hardware accelertaion.