No, the only way (currently) to view the list of flagged questions is to either be a ♦Moderator, or have 10,000+ rep. If you have that much rep, you're virtually a moderator already. [As the FAQ put it][faq-reputation],

> **At the high end of this reputation spectrum there is little difference between users with high reputation and ♦ moderators.** That is very much intentional. We don’t run Ask Ubuntu - Stack Exchange. The community does.

(empasis mine)

So, for your average user, the list of flagged questions is completely off-limits. You can only view it once you have obtained enough rep to *officially* moderate the questions.

I am in hearty support of your idea - normal users being able to view the flagged questions list. Not at 1 rep, though... 250 might be appropriate. (200 is when you can see the Review queue.)


  [faq-reputation]: http://askubuntu.com/faq#reputation