Zed is "almost there" for me.
The theme builder is good and easy to use, and I only needed a few minutes to make my own.
Syntax coloring is almost there, but still lacking (I use C/C++) Small visual adjustment like line height in the UI text is not configurable enough (only two settings)
Scrolling should have a smooth option, nothing prevents it, it should be super easy to add, I find it easier on the eyes when I move around code, especially on a 240Hz monitor.
The editing experience is good, quick launch, no crashes, responsive, not too memory hungry.
Scrolling is perfectly smooth when you use a trackpad. IMO, clickwheels are a legacy technology for scrolling (even when I use Windows, I left-hand a Magic Trackpad so I still have smooth analog scrolling).