drill down / filter with multiple taxonomies?

Hi,

I have two taxonomies:

a location based like

World
-Europe
--Germany
---Bayern
-Africa
--Kenya

and a single level like
fun
video
photo

I would like the single level hierarchy to be displayed in a tag clould like way on the hierarchical category pages so each category page can be filtered like

world/europe/fun
world/africa/kenya/video
world/africa/kenya/photo

is this possible with Drupal?

If yes, could someone point me in the right direction?

Cheers,
G