Web Links provides a comprehensive way to post weblinks to your site. All links are nodes, which can be put into taxonomies/categories and administered. Admins can select to use "Simple Links" which simply prints a page of weblinks sorted by category with no descriptions--this requires very little set up. Or weblinks can be sorted by category hierarchically with an admin-defined click-through (the maximum number of clicks before menus automatically expand). Additionally a block may be enabled for any category (or sub-category) of weblinks. This module plays nicely with taxonomy_access/node_access allowing for various group and individual editing options. Admins may also enable a "My Weblinks" page that displays which web links a user has submitted and what the publication status is for that link.
* Category Module appears to be incompatible with this module.