With the release of WordPress 3.5 soon, expect to see the WordPress Links feature, also known as the Blogroll, gone.
I’ve written more about this in “Blogrolls Gone in WordPress. How to Save Your Links” on Lorelle on WordPress.
The article includes an explanation of why as well as tips and techniques for exporting and saving your WordPress links, and how to display them in new ways within WordPress.
Learning from Lorelle 
Yes, with the 3.5 release i notice the same but i missed blogroll and i am able to fix blogroll issue in wordpress 3.5 by this awesome solution.
This is just one of several solutions mentioned in the original article. Thank you.