Not really. You can use widgets and redraw when the user changes something, but this gets clumsy quickly.
Bokeh allows for interactive visualization though. Vispy[1] does to, by using webgl (but this require a running ipython kernel - so the plot will be static when exported to HTML).
This[2] is an interesting blog post about the future of python plotting/visualization.
Looks like the main advantage is bqplot allows you to create interactive data visualizations. Bokeh and Plotly (commercial product) are the existing libraries that do this, but leave a lot to be desired.
Is there any documentation for the plotting library? I would love to explore it, but couldn't find many examples / documentation for different kinds of plot.