Basically what i would do is wrap the tag list in a div then use css to apply the color or what ever else you want to do to the links.
This would be my suggestion.
<style type="text/css">
.taglinks a { color:black; }
.taglinks a:hover { color:#c0c0c0; }
</style>
<div class="taglinks">
<TAG_IMG_LIST>
</div>