Can Zhonya's Hourglass be reacted at any moment to choose which unit to save, including letting one unit die first or choosing between multiple units dying simultaneously?
Answered under Unleashed Rules FAQ and Clarifications
Replacement effects like Zhonya's Hourglass are not optional Reactions you can wait to play; they apply when the qualifying event (a unit "would die") occurs. If multiple deaths happen simultaneously, those death events are handled separately for replacement effects and the controller chooses the order in which to apply their replacement effects, so you can choose which simultaneous death to replace. You cannot let a death resolve and then retroactively apply the replacement to that already-resolved death.






