If you follow blogs through Google Reader (feedburner subscriptions e.g.) there is a SUPER easy way to create a blog roll from within the reader.
Go to http://www.google.com/reader
Click Settings/Reader Settings (upper right hand corner)
Click Folders and Tags
Click *Add a Blogroll to Your Site* for whichever folder you want to add a blogroll from.
And I wouldn't spend a WHOLE lot of time searching for blogs to follow. Join a few memes (theres a HUGE collection of them linked on my blog) and you'll meet lots of great people! Your collection will grow faster than you can believe!
I recently cleaned my Reader out a bit because I was *following* over 500 blogs and getting seriously overwhelmed!
By the way ... the link to my blog is at the top right of this post. :)
Beth