Hi - just a note that we're seeing this thread.
@wickedmike: I just tried to duplicate this and I'm not seeing the issue. To confirm: you are referring to the normal "link" icon that looks like a chain link or infiniti symbol directly over the editor on the edit page/post interface correct?
And when you have NextGEN installed, it grays that out so it's not clickable?
I'm wondering if we're seeing yet another plugin conflict. I don't know how many plugins you have running, but if you are willing, I'm wondering if we might ask you to try deactiving them - either one by one, or just all at once for a minute - to see if that resolves the issue.
If not, that's fine. I know that's always a lot to ask. The other thing you could do, if willing, is send us login credentials so we can see the issue. You can send those via our bug report and it will email directly to our developers.
Again, I know that's a lot to ask too, so if you're not comfortable with that, no worries.
But in that case, we'll need to wait for more data on this to solve it. I think I've seen two other users with this issue so far.