I have an XYZ.DBF file that I've imported into Excel 2007 but it doesn't parse properly on the import.  The entire record goes into Column A of the Excel 2007 worksheet, Sheet 1.  Columns B and up don't have anything in them.  I think a record key is in the first several characters of each record.  To do the import I select the file from Windows Explorer>right-click to Open and then select Excel.  When I've tried double-clicking the file I am prompted with the select the program to use.  FWIW, the actual extension (DBF) IS capitalized!