I tweaked the new tag selector some more, although I’m getting the feeling that at this point I’m just trying to duplicate a combo box or menu. A few people have suggested I have a box where people can type in a tag name. I don’t want to add another entry box, so I think I might add that functionality to the main search box above the tag list. I still like being able to have a few tags that are always one click away.
Latest tag selector screencast
edit:
Actually the more I look at this, the more it seems like I really just want a regular drop-down menu with a submenu containing all tags. At the bottom of the main part of the menu I could have an item that would spawn a dialog that looks like my current view, and that would be just for selecting and reordering favorites.