Yup, you got it right. My blogroll is no longer there. But don't fret. Your links are still all here and intact. I just moved them to new page that I now call My Bloglist. Can you see it up there on my Navigation bar? I had a hard time figuring out how to do that first but realized that I can also manipulate the way I published the page. I will be categorizing it further to make it more organized. Once my OCD starts kicking in, you'll know!
Anyway, here's how I did it:
On the Posting menu on your Blogger Dashboard, just select Edit Pages and then once you have your new page ready for publishing, hit the Publish Page button. You are given three options as in the image below:
Choose No gadget and then hit Publish. View the page and copy the link URL of your page.
Then go to Layout and then Edit HTML. Look for the following code in your HTML: