I think that Stephen's comment hits the nail on the head: would the hobby tag help someone? There are several categories to consider:
Someone asking a question for which the hobby package could provide an answer. But, as has been pointed out, this person might well not know that it could and, more importantly, might not really care if it could or not. It is a big thing to choose between pgf and pstricks so those are important tags, but whether an answer uses the hobby package or not is unlikely to be a deal-breaker.
Someone asking a question specifically about the hobby package. At the moment, this is most likely to be a cheap way of asking me about it! Since I don't take much notice of tags, a hobby tag wouldn't help here.
Someone who likes answering questions with the hobby package. Tags are never about answers, always questions. But even so, the number of people who are in this category is quite small and I suspect we all actively monitor the tikz-pgf tag instead.
Someone who's just discovered the hobby package and wonders what they could do with it. One could make this into a case for the tag, but there are other ways to find this information: searching for usetikzlibrary{hobby} for a start, or links to the original question.
So much as my vanity says "Yes, let's have a hobby tag!", my practicality thinks that it wouldn't actually bring any benefit.
On the other hand, Charles' suggestion of a more generic tag would make some sense, but then I would go for one with no fancy words (such as "spline") like "curve-fitting".
hobby, the fact that there are only 3 questions with 'hobby' in their title doesn't really speak in favor of the tag. (If I'm not mistaken, one of the questions isn't even about the package you're aiming at.) – doncherry Nov 14 '12 at 22:49hobbypackage, I believe that such tag is legitimate, even if only 2 questions are tagged by this tag. On the other hand,hobbyis not a "full package", it's a TikZ library, and I don't think it makes sense to introduce tags for all TikZ libraries. – tohecz Nov 15 '12 at 9:32