It seems that the good folks responsible for cleaning out the dkos intertubes have come up with a decent solution to the blogroll issue. Don't believe me?
Take a look at your user page. Mine is here; yours can be reached by clicking on the link in the Menu section on the right hand side of the page. You'll notice a new tab, 'blogroll', at the top of the screen. So, what is that. We click, and we see:
Yes, that's right. We now can create our very own blogroll ( I've just put in one link, as a test). What's more, we can now see other people's blogrolls. Picking a name off my hotlist, here is jotter's blogroll, which he has conveniently already populated with a bunch of links.
(update: cropped and downsized the picture a bit)
-dms