I'm slowly becoming a fan of incorporating links into my content pages, like poker-king.com does, or onlinegambling.com.
I think that the damage done by naming a page links.html, or something similar, is that Google "might" discount those links as part of being a "links page". In that case, you're not doing your link partners any favors, which will eventually be bad for you too. (Presumably you want your link partners to carry a certain amount of authority. If your linking to them doesn't lend them any authority, then they have less authority to give back to you by reciprocating.)
Some of that is going to have to do with the perceived quality of the links too. If all your links are to the top quality authority sites in a niche, and they include unique and lengthy descriptions, such a resource might outweigh any sort of negative weight naming the page "links" might have.
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