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I agree that there are a surprising number of steps to reach the feeds for a specific hashtag. I like how Tumblr has their system set up. When you go to the search box on tumblr, a drop down menu of your followed tags with new posts pops up and if you click on them they go right to that tag's feed. Also, at the bottom of the drop down menu is an "Explore more tags" link that might be helpful for people to discover new tags they might not realize to search for.