Hi,
i've wrote some small tool which turns an .nfi into a bootable CF image:
http://dreamboxupdate.com/download/nfi2cf-0.1.tar.gz
(well, not quite an image. you end up with an ext2 image and a directory to copy into a vfat partition. I did not want to create any dependency to hardware).
It probably doesn't yet run on a dreambox because of memory, the jffs2 unpacker requires approx. 2x the size of the jffs2 image. This can probably be fixed. So this is a tool meant for the PC.
After you wrote the resulting files onto a CF disk, you should be able to boot from it just by inserting it.
There might be some smaller problems, so i regard this as experimental. (Don't use it unless you want to debug it!)
In theory, it should also work for dm7020 images, but i've only tested it with dm7025 images. there IS endianess conversion support for jffs2, though. The 7020 secondstage probably doesn't support kernel command line parameters in the "autorun.bat", so you might have to patch the kernel. This will hopefully be fixed soon.