This is not that new of a feature. It's called 'Auto Track View' View/Auto Track View=Shortcut is
Shift+ZA good indicator to see where you stand on track zooming is this:
If there is a little 'double arrow' just to the left of the meter, at the top, you can expand individual tracks.
If the double arrow is not there, you will be in Auto Track View, and able to expand all track heights.
Michael