FranticFish - 7:57 am on May 3, 2011 (gmt 0)
This is only speculation, but blogrolls are so common that I'd be surprised if Google didn't count them as one link of varying strength (based on number of pages indexed and the strength of those pages) rather than lots of different links.
People get added to blogrolls on huge blogs all the time. New links are part of the web. So as long as you objectively think that this is a good link to have then there is no need to be concerned in my view.