Index: wp-admin/js/inline-edit-post.dev.js
===================================================================
--- wp-admin/js/inline-edit-post.dev.js	(revision 19199)
+++ wp-admin/js/inline-edit-post.dev.js	(working copy)
@@ -181,13 +181,14 @@
 		});
 		//flat taxonomies
 		$('.tags_input', rowData).each(function(){
-			var terms = $(this).text();
+			var terms = $(this).text(), 
+				taxname = $(this).attr('id').replace('_'+id, ''), 
+				textarea = $('textarea.tax_input_' + taxname, editRow);
 
-			if ( terms ) {
-				taxname = $(this).attr('id').replace('_'+id, '');
-				$('textarea.tax_input_'+taxname, editRow).val(terms);
-				$('textarea.tax_input_'+taxname, editRow).suggest( 'admin-ajax.php?action=ajax-tag-search&tax='+taxname, { delay: 500, minchars: 2, multiple: true, multipleSep: ", " } );
-			}
+			if ( terms )
+				textarea.val(terms);
+			
+			textarea.suggest( 'admin-ajax.php?action=ajax-tag-search&tax='+taxname, { delay: 500, minchars: 2, multiple: true, multipleSep: ", " } );
 		});