Index: bookmark-template.php
===================================================================
--- bookmark-template.php	(revision 17355)
+++ bookmark-template.php	(working copy)
@@ -39,6 +39,8 @@
  * 'between' - Default is '\n' (string). The string for use in between the link,
  *		description, and image.
  * 'show_rating' - Default is 0 (integer). Whether to show the link rating.
+ * 'li_between' - Default is '' (string). The html or text to use between
+ *      successive list elements, but not after the final element.
  *
  * @since 2.1.0
  * @access private
@@ -53,7 +55,8 @@
 		'show_updated' => 0, 'show_description' => 0,
 		'show_images' => 1, 'show_name' => 0,
 		'before' => '<li>', 'after' => '</li>', 'between' => "\n",
-		'show_rating' => 0, 'link_before' => '', 'link_after' => ''
+		'show_rating' => 0, 'link_before' => '', 'link_after' => '',
+		'li_between' => ''
 	);
 
 	$r = wp_parse_args( $args, $defaults );
@@ -126,6 +129,9 @@
 			$output .= $between . sanitize_bookmark_field('link_rating', $bookmark->link_rating, $bookmark->link_id, 'display');
 
 		$output .= "$after\n";
+		
+		if ( $bookmark != end($bookmarks) )
+			$output .= $li_between;
 	} // end while
 
 	return $output;