Yes, RSS link may be created in history tab for current area. (something like: http://www.openstreetmap.org/browse/changesets/feed?bbox=34.6796%2C31.1923%2C34.933%2C31.3186))
Also matt.dev.openstreetmap.org/owl_viewer service available (for RSS too), it filters out big area changes, so it may be more useful than regular history, but, last time it response really slow.