seems to me though that teleportaion is something of a (relatively) new addition to the fantasy genre, i could be wrong, but wheel of time isn't that old, and lord of the rings had no teleportation, as i recall even the silmarillion(which i know i spelled wrong) the gods were turning into clouds and things to travel quicker, and any fantasy computer game definitely doesn't qualify as old in my book.
memory fades, and i'll be the first to admit i haven't read even a fraction of what is out there, but still i don't remember too much 'blinking' and 'recalling' and 'teleporting' especially in what qualifies as truely old stories. Most of the Merlin/arthur/camelot stories i have heard, and again, by no means all of them, lack instant travel, heck the guy generally walks.