Friends of ArcoJedi

I have a 'friends' site that I maintain infrequently. Basically, it started as an idea of mine to have one specific place where I linked to the business or personal websites of my friends and coworkers. I started it as part of my main site, but broke it off into it's own sub-domain at some point. I'm seeing a lot of my friends also have MySpace accounts, but I'm not going to get one. I'm staring at the list of published and unpublished posts and I have a dilemma.

Do I let each friend have one post and periodically update that one post with new content every time I notice a new site or project or article written by that friend? Or do I have new posts for each individual piece of web property? At this time, I've got some with the latter and some with the former and am looking to streamline this and have it all organized one specific way.

It's too late at night and I'm too tired. I'll figure it out another day.