Hi Viewbyte, you can get something similar in MoI currently by using the "Zoom area" tool. It will also set the center of rotation. The method you're describing would not be a great fit with MoI because you wouldn't have a chance to use object snap to precisely set the target point.

Also currently the Alt key is being used for a different purpose, it disables object snaps when point picking.

Here's a demo using "Zoom area" in MoI:



- Michael