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<customer_logged_out>
    <reference name="top.links">
        <!-- Removes 'Log In' link - Default position: 60 
        <action method="removeLinkByUrl"><url helper="customer/getLoginUrl"/></action>-->
        <action method="removeLinkByUrl"><url helper="customer/getAccountUrl"/></action>
        <action method="addLink" translate="label title" module="customer"><label>Registration</label><url helper="customer/getRegisterUrl"/><title>Registration</title><prepare/><urlParams/><position>10</position></action>
        <remove name="wishlist_link"/>
    </reference>
</customer_logged_out>

<customer_logged_in>
    <reference name="top.links">
        <!-- Removes 'Log Out' link - Default position:
        <action method="removeLinkByUrl"><url helper="customer/getLogoutUrl"/></action>
        60 -->
    </reference>
</customer_logged_in>