This is a very simply module which allows you to define CCK fields for content types which display terms for each given node. Each field you add is "read only". This means there is no addition to the node add/edit form. It just grabs the terms associated with a node and allows you to output them either as inline or block elements (in each case either as plain text or as a hyperlink). If you use one of the inline formatting options, you get a nice "a, b, c and d" style list.
This module enables Views to use EntityFieldQuery as the query back-end, allowing you to query all defined entity types and their fields, even the ones stored in non-SQL storage.