piatkow - 4:14 pm on Nov 6, 2010 (gmt 0)
Like micklearn I have never linked out based on a link request.
My site has a straightforward linking policy to determine which sites we link to. If somebody contacts me with details of a qualifying site then it goes in. If I find a qualifying site when researching my topic then it goes in (the most common source of outbound links). If it isn't a qualifying site then the request is ignored.
I always tell site owners when I link to them and make two points: 1. A return link would be appreciated and 2. it isn't a pre-requisite for my link.
As my site has a live entertainment based topic, outbound links are part of what our visitors expect (find the gig, link to the venue).