PAN AND ZOOM
The Zoom tool and the Hand tool should be treated like museum artifacts—they can be looked at, but are not to be touched. Truth be told, those scroll bars along the bottom and right edge of your document are also off-limits. Learn the power moves to quickly navigate within your documents.
Space: Hand tool.
Cmd-Space [Ctrl-Space]: Zoom in.
Cmd-Option-Space [Ctrl-Alt-Space]: Zoom out.
A particular problem one runs into is that when you’re editing text, you can’t press Space to switch to the Hand tool, as doing so will actually add space characters to your text string. In those cases, this secret handshake will give you joy: Press Cmd-Space [Ctrl-Space] to access the Zoom tool, and then release just the Cmd [Ctrl] key, while still holding Space. This will give you the Hand tool. Release to return to editing your text with the Type tool.
Since we’re talking about navigating within documents, these are helpful as well:
Cmd-` [Ctrl-`]: That’s a Tilde, which appears just over your Tab key on US keyboards, and allows you to toggle between open tabbed documents.
http://rwillustrator.blogspot.com/2009/11/ten-illustrator-power-moves-you-must.html