Waterloo Plugins

Tag Cloud Widget adds a simple tag cloud widget that you can use anywhere on your blog. This plugin looks at all your tags and displays them in a widget. The more times a tag is used, the larger the tag is.
Each tag is a link to the tag page (e.g. http://your-site.com/tag/your-tag). This will help with SEO.
Currently, there aren’t any options to customize the tag cloud. It should work well out of the box. In the future, there may be options to customize the widget.

Good

A tag cloud widget with links to your tag pages

D'Arcy Norman

The plugin gives users the oportunity to embed a tag cloud for a site within any page. 
When using the shortcode [tagcloud] when 
writing in the content of any page, the user includes in the page, a 
tag cloud for posts on that site.
I am working on adding the ability to set options, such as sizes, etc…

Tag Cloud Widget vs Tag Cloud Shortcode