The rotate command just plain sucks! I really hate to have to stop what I am doing , zoom way out find that stupid blue circle, and then zoom way back in to place my rotation point. It is completely asinine! I like would see some sort of keyboard short cut (perhaps "ctrl + the middle mouse button") that would instantly snap the blue rotation circle to your cursor.
Even having to pick a new rotation point at the beginning of every rotation would be better than the situation we have now.