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Originally Posted by judyo
Even if Google doesn't penalize your page, you might have a difficult time getting good sites to link with you with one big resource page.
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That's the biggie, IMO. Whatever value is transferred from the page to your partners is going to be divided by the total links per page. Most that limit the number of links per page would be hesitant to trade with those that don't.
About categorizing them, I think almost everyone uses some sort of db to display their links. There are a ton of free scripts available that will assist you though you may find that replicating the look and feel of your site difficult with their css and templates.
It's a pretty simple process to have one put together if you prefer. I roll my own on windows servers in asp and use
http://www.esyndicat.com/ for my php sites.