Time Control Revamp (Touch/Android)

I’d like some more accurate and intuitive time control, with attention to touch optimization. Twitch has an easy dial to skip to any place along the time line quickly and accurately. VLC has some swipe controls to move back and forth swiftly, and a pop-up to punch in a time to move to.

This can’t be a new request. What’s the thinking behind the current approach and what are the odds of more touch refinement?