During setup Ubuntu offers to let you import your IE favorites but what about after this? Boot into windows and, within Internet Explorer, click File ^ Import and Export (if using Internet Explorer 7 or later, you might first need to click a blank spot near the tab bar and put a check alongside Menu Bar).
The Import/Export Wizard will start and it should be obvious which options to choose. You should end-up with a file called bookmark.htm. Now boot into Ubuntu, start Firefox, browse into your Windows partition and click and drag the file on top of the open Firefox window. This will open the file in Firefox, and your favorites will be listed at the bottom. Right-click each link you want to import into your Firefox bookmarks and select Bookmark this Link.
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