See OSM edits happen in real time.
This code is deployed and running here: http://osmlab.github.io/show-me-the-way/
You can restrict it to viewing only edits within a specified bounding-box like so: http://osmlab.github.io/show-me-the-way/#32.55,-15.82,71.65,44.65
Build a bounding box URL like that, using this page: http://osmlab.github.io/show-me-the-way/bbox.html
Edit 06/08/2015 - Isabelle Hillberg
To filter based on a comment (not merged, if you clone this and try it): (base url).html#filter:FILTER_TEXT_HERE
It filters for any comment containing your text.