Create a view block for display of taxonomy term children I am trying to create a View of Taxonomy Terms which lists the child terms for the currently displayed term.  Is this even possible for taxonomy terms or is it only possible for Content Nodes?
yes,you can do this by :
on CONTEXTUAL FILTERS add "Taxonomy term: Parent term" and on once you've chosen it, there's a set of radio buttons entitled When the filter value is NOT available. Set this to provide a default value and then, in this case, choose "Taxonomy term id from url" from the drop-down menu.you are good to go.