The "last updated" value on a view includes whenever you re-order views in the Admin center.
It seems like you might consider there to be two kinds of updates to views: passive and active updates. In this case, a passive update would be one where the order is updated because some other view was moved, and an active update would be one where the 'save' button was actually used (ie. edit to criteria, displayed fields, user access).
Generally this is noticeable whenever we create a new view - typically for testing - and move it to the top of the list of views. I'm not sure that I have any use cases for this data either way, but it's confusing to see the data presented without context.
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