New in version 1.2:
<ul>
<li>all changes only for WordPress MU (WPMU)</li>
<li>no changes for normal (single) WordPress</li>
<li>full WordPress MU (WPMU) support</li>
<li>runs on WPMU as an autoactivated plugin</li>
<li>the right place for installation is in wp-content/mu-plugins</li>
<li>activate/deactivate auto tag suggestion is only a site wide option</li>
<li>only site admin(s) can activate/deactivate auto tag suggestion</li>
</ul>
Features of version 1.1 are:
<ul>
<li>Show all your tags in alphabetically order as buttons on every post page</li>
<li>also tags with ‘ and ” in names are supported</li>
<li>To choose a tag, only a simple click on it is needed</li>
<li>All assigned tags are listed in alphabetically order. If you add or remove one or more tags, the tags will be automatically reordered for you</li>
<li>An administrator-option to switching off the auto-tag-complete (also called auto tag suggestion) on the whole WordPress-Blog</li>
<li>Full multi-language support. Translated languages are in the moment: English, German.</li>
</ul>
A complete description with some screenshots you can find on <a href="http://www.im-web-gefunden.de/wordpress-plugins/iwg-faster-tagging/" title="IWG Faster Tagging's Home" rel="nofollow ugc">Plugin Homepage at “im web gefunden”</a>.

IWG Faster Tagging

"IWG Faster Tagging" fixes some disadvantages from the original tagging-system at your editing post page..

kamiel79

Adding tags on the fly by just prepending a word you want to use as a tag with a “#” was a functionality I missed in the WordPress backend.

Tag With Hash

I'll give 5 rating if this plugin updated and works

Not works

Automatically turn terms into tags if you precede them with a #. Nonexisting tags are created.

IWG Faster Tagging vs Tag With Hash