You are looking at the HTML representation of the XML format.
HTML is good for debugging, but is unsuitable for application use.
Specify the format parameter to change the output format.
To see the non HTML representation of the XML format, set format=xml.
See the complete documentation, or API help for more information. 
<?xml version="1.0"?>
<api>
  <query-continue>
    <alllinks alcontinue="Budget_Payroll_Export" />
  </query-continue>
  <query>
    <alllinks>
      <l ns="0" title="BDB pcInterpay Export" />
      <l ns="0" title="Base Schedule Configuration" />
      <l ns="0" title="Base Schedule Import" />
      <l ns="0" title="Base Schedules" />
      <l ns="0" title="Base Schedules Configuration" />
      <l ns="0" title="Branch Export" />
      <l ns="0" title="Breaks Configuration" />
      <l ns="0" title="Budget" />
      <l ns="0" title="Budget Configuration" />
      <l ns="0" title="Budget Import" />
    </alllinks>
  </query>
</api>