Been researching this for a while and nothing has come to fruition. Best I could find was:
OpenLayers.Control.ZoomStatus = OpenLayers.Class(OpenLayers.Control, {
autoActivate: true,
element: null
});
But 'ZoomStatus' isn't even mentioned in the documentation (maybe it is but can't seem to find it). Found it at this link: http://trac.osgeo.org/openlayers/attachment/ticket/3629/OpenLayers.Control.ZoomStatus.js
Can anyone offer some insight as to how to display the zoom level/status in the browser?
Best Answer
For OpenLayers3 (v.3.4.0) I will modify @kryger answer: