yeah for sure. the zoom function in zbrush works the same way ( just to select one app. and maybe it's a good example since its entire nav system is quite different. but this concept remains the same )

to try and describe it in very loose terms :

once the zoom context has been entered. either moving the mouse position vertically or horizontally increases or decreases the zoom value ( put another way > positive and negative values being driven by either up/down OR left/right mouse position )