This is a great hike with kids...they love the scrambling, it isn't TOO steep or long (only about a mile up and a mile down) and the views are supurb pretty much the entire way up.
Highly recommended. If you want something longer (8 hr or so)...you can hit this AND Ragged Mt on the same day. Not quite a loop...but Ragged Mt. trail cuts off to the right from the Bald Mt. Trailhead.