Index: src/wp-includes/bookmark-template.php
===================================================================
--- src/wp-includes/bookmark-template.php	(revision 49931)
+++ src/wp-includes/bookmark-template.php	(working copy)
@@ -50,7 +50,7 @@
  */
 function _walk_bookmarks( $bookmarks, $args = '' ) {
 	$defaults = array(
-		'show_updated'     => 0,
+		'show_updated'     => 0, // Unused.
 		'show_description' => 0,
 		'show_images'      => 1,
 		'show_name'        => 0,
@@ -67,13 +67,7 @@
 	$output = ''; // Blank string to start with.
 
 	foreach ( (array) $bookmarks as $bookmark ) {
-		if ( ! isset( $bookmark->recently_updated ) ) {
-			$bookmark->recently_updated = false;
-		}
 		$output .= $parsed_args['before'];
-		if ( $parsed_args['show_updated'] && $bookmark->recently_updated ) {
-			$output .= '<em>';
-		}
 		$the_link = '#';
 		if ( ! empty( $bookmark->link_url ) ) {
 			$the_link = esc_url( $bookmark->link_url );
@@ -80,27 +74,7 @@
 		}
 		$desc  = esc_attr( sanitize_bookmark_field( 'link_description', $bookmark->link_description, $bookmark->link_id, 'display' ) );
 		$name  = esc_attr( sanitize_bookmark_field( 'link_name', $bookmark->link_name, $bookmark->link_id, 'display' ) );
-		$title = $desc;
 
-		if ( $parsed_args['show_updated'] ) {
-			if ( '00' !== substr( $bookmark->link_updated_f, 0, 2 ) ) {
-				$title .= ' (';
-				$title .= sprintf(
-					/* translators: %s: Date and time of last update. */
-					__( 'Last updated: %s' ),
-					gmdate(
-						get_option( 'links_updated_date_format' ),
-						$bookmark->link_updated_f + ( get_option( 'gmt_offset' ) * HOUR_IN_SECONDS )
-					)
-				);
-				$title .= ')';
-			}
-		}
-		$alt = ' alt="' . $name . ( $parsed_args['show_description'] ? ' ' . $title : '' ) . '"';
-
-		if ( '' !== $title ) {
-			$title = ' title="' . $title . '"';
-		}
 		$rel = $bookmark->link_rel;
 		if ( '' !== $rel ) {
 			$rel = ' rel="' . esc_attr( $rel ) . '"';
@@ -109,18 +83,20 @@
 		if ( '' !== $target ) {
 			$target = ' target="' . $target . '"';
 		}
-		$output .= '<a href="' . $the_link . '"' . $rel . $title . $target . '>';
+		$output .= '<a href="' . $the_link . '"' . $rel . $target . '>';
 
 		$output .= $parsed_args['link_before'];
 
 		if ( null != $bookmark->link_image && $parsed_args['show_images'] ) {
 			if ( strpos( $bookmark->link_image, 'http' ) === 0 ) {
-				$output .= "<img src=\"$bookmark->link_image\" $alt $title />";
+				$linked_image = $bookmark->link_image;
 			} else { // If it's a relative path.
-				$output .= '<img src="' . get_option( 'siteurl' ) . "$bookmark->link_image\" $alt $title />";
+				$linked_image = site_url( $bookmark->link_image );
 			}
 			if ( $parsed_args['show_name'] ) {
-				$output .= " $name";
+				$output .= '<img src="' . $linked_image . '" alt="" /> ' . $name;
+			} else {
+				$output .= '<img src="' . $linked_image . '" alt="' . $name . '" />';
 			}
 		} else {
 			$output .= $name;
@@ -130,10 +106,6 @@
 
 		$output .= '</a>';
 
-		if ( $parsed_args['show_updated'] && $bookmark->recently_updated ) {
-			$output .= '</em>';
-		}
-
 		if ( $parsed_args['show_description'] && '' !== $desc ) {
 			$output .= $parsed_args['between'] . $desc;
 		}