Sadly, there is no video I can provide to proof it’s working for me, because now it does NOT :(
It zooms around something else and not the point I start the dragging from. Pretty inconsistent. So I voted too.

I have the same problem, in both Mac and Windows. GPU Performance is on. Here is a video: https://youtu.be/HWvHT9tUQtQ

Egor, show a video of this tool working properly, because I don't believe you understand what we're talking about.

Same issue here. Looks like the cursor position coordinates for zooming is not translated / rotated with the view - when the View is rotated by 180°, it zooms in to the opposite side of the screen like the view wouldn't be rotated (resulting in an inverted zooming experience which makes it unusable).

Extremely useful to have the Rotate View Tool but makes it extremely frustrating to use it due to this issue!

[Latest update (v.20.0.1)]
I don't use animated zoom, just opt+scroll wheel.
With 0° rotation it normally zooms using the mouse pointer as a central point, but with a rotated view it zooms in and out to the opposite side (basically the mouse pointer behaves as if the current view is in 0°).
The rectangle zoom tool (zoom tool with animated zoom off), still works with zooming in, but it's not convenient for me anyway since I use scrolling constantly and it disrupts my work and concentration. So I have to resort in not using the rotate view altogether...
It could be a very useful tool when working with artwork that involves multiple-rotation faces, but it needs to be fixed to work seamlessly with zooming and moving controls.

Hello Egor
I am sure that Illustrator is in GPU mode. If I switch to overprint preview or CPU mode, animated zoom is completely disabled as expected.

The bug I am describing is: When using animated zoom on a rotated canvas, it does not zoom around the mouse pointer.

See attached video for a demonstration.

I have reproduced this problem on Illustrator 2021 Windows, Illustrator 2022 Windows and Illustrator 2021 OsX

Hm, Stefan, it does work for me.
Please also check
1. if you are in GPU and not CPU rendering mode
2. if you are not having Overprint Preview on

When working on a rotated canvas (using the rotate view tool), animated zoom does not zoom around the mouse pointer. It works fine when the canvas is not rotated.
Steps to reproduce:
1: Enable animated zoom in Preferences->performance
2: Rotate the canvas to an arbitrary angle using the rotate view tool
3: Switch to the zoom tool and click+drag anywhere on the canvas. The view will zoom around some other point.