With this extension you can show links in various layouts, Show all categories in one page, or specify which ones to show, display if a link is new, show the description as a tool-tip or below the links, Display the category description below the link, Hide the category title.

The extension comes in 2 flavours:
1. A plug-in
2. A module
With the PLUGIN and MODULE you should still use the weblinks component to manage your weblinks.

You can choose to use either one or both extensions

1.: Plugin[Development by my]:
You should use the plugin if you want to show weblinks in the content position.
The plugin V3 can also show the links in Tabs or Slider layout

HOW TO setup the [more links] option please read this WIKI:
http://joomlacode.org/gf/project/allweblinks/wiki/?pagename=more+links

2.: Module[further development by Carsten Schneider]:
You should use the module if you want to show weblinks in a module position.
The module can also collapse categories
Module also available foir Joomla V3 (thx to Carsten S)