On the one hand, I love the organization of my links list. I love the categories I have placed blogs in. I love the perfect alphabetical order that I try to live my life by (not in a alphabetized cereal boxes way, just in a links and DVDs way. I'm not crazy-- although I have considered applying alphabetical order to my bookshelves, foodstuffs, and craft supplies. I probably won't though.). I love knowing exactly what site is where so I can practically click without looking.
I do like the blog roll. It's so nice to know who has updated. It would be great to find that on my own blog--right now I always need a couple extra clicks to get to the blogs of Amanda, Celia, and Julie, so I can make use of their blog rolls. I don't do Google Reader and I don't follow any blogs. I deal exclusively with right-side-of-the-page lists. I don't know why--I guess I'm old-fashioned.
Every day I think about changing my links list to a blog roll. Every day I resist it. I don't know what tomorrow will bring.