I'm using my own module that alter the normal term link to a new URL and found that BlogBuzz theme does not show the correct (altered) link. By checking the code, I found the function blogbuzz_preprocess_node() created a new terms link itself and assigned to the variable "node_terms" which is rendered as the terms link by the template node.tpl.php instead of the original 'terms' variable.

I guess that this will also block the functionality of other term link related function like the taxonomy_redirect and others also. I'd suggest to consider this as a bug.