if you look in BxBaseMenu.php for this:
        $this->sCode .= <<<EOF
<td class="top" {$sActiveStyle} {$sImgTabStyle}>
    <a href="{$sLink}" {$sOnclick} {$sTarget} class="top_link"><span class="down" {$sBoldStyle}>{$sPictureRep}{$sText}</span>
    <!--[if gte IE 7]><!--></a><!--<![endif]-->
    <div style="position:relative;display:block;">{$sMainSubs}</div>
</td>
 
and change those td tags to li tags, you'll get the list.
 
However, you should leave this file alone, and change your templates /scripts/BxTmplMenu.php file instead.
EX:
 
<?php
/***************************************************************************
*                            Dolphin Smart Community Builder
*                              -------------------
*     begin                : Mon Mar 23 2006
*     copyright            : (C) 2007 BoonEx Group
*     website              : http://www.boonex.com
* This file is part of Dolphin - Smart Community Builder
*
* Dolphin is free software; you can redistribute it and/or modify it under
* the terms of the GNU General Public License as published by the
* Free Software Foundation; either version 2 of the
* License, or  any later version.
*
* Dolphin is distributed in the hope that it will be useful, but WITHOUT ANY WARRANTY;
* without even the implied warranty of  MERCHANTABILITY or FITNESS FOR A PARTICULAR PURPOSE.
* See the GNU General Public License for more details.
* You should have received a copy of the GNU General Public License along with Dolphin,
* see license.txt file; if not, write to marketing@boonex.com
***************************************************************************/
bx_import('BxBaseMenu');
/**
* @see BxBaseMenu;
*/
class BxTemplMenu extends BxBaseMenu {
    /**
    * Class constructor;
    */
    function BxTemplMenu() {
        parent::BxBaseMenu();
    }
function genTopItem($sText, $sLink, $sTarget, $sOnclick, $bActive, $iItemID, $isBold = false, $sPicture = '') {
        
        $sActiveStyle = ($bActive) ? ' id="tm_active"' : '';
        if (!$bActive) {
            $sOnclick = $sOnclick ? ( ' onclick="' . $sOnclick . '"' ) : '';
            $sTarget  = $sTarget  ? ( ' target="'  . $sTarget  . '"' ) : '';
        }
        $sLink = (strpos($sLink, 'http://') === false && !strlen($sOnclick)) ? $this->sSiteUrl . $sLink : $sLink;
        $sMoreIcon = getTemplateIcon('tm_sitem_down.gif');
        $sSubMenu = $this->getAllSubMenus($iItemID);
        $sBoldStyle = ($isBold) ? 'style="font-weight:bold;"' : '';
        $sImgTabStyle = $sPictureRep = '';
        if ($isBold && $sPicture != '') {
            $sPicturePath = getTemplateIcon($sPicture);
            $sPictureRep = '<img src="' . $sPicturePath . '" />';
            $sText = '';
            $sImgTabStyle = 'style="width:38px;"';
        }
        $sMainSubs = ($sSubMenu=='') ? '' : <<<EOF
    <!--[if lte IE 6]><table id="mmm"><tr><td><![endif]-->
    <ul class="sub main_elements">
        {$sSubMenu}
        <li class="li_last_round"> </li>
    </ul>
    <!--[if lte IE 6]></td></tr></table></a><![endif]-->
EOF;
        $this->sCode .= <<<EOF
<li class="top" {$sActiveStyle} {$sImgTabStyle}>
    <a href="{$sLink}" {$sOnclick} {$sTarget} class="top_link"><span class="down" {$sBoldStyle}>{$sPictureRep}{$sText}</span>
    <!--[if gte IE 7]><!--></a><!--<![endif]-->
    <div style="position:relative;display:block;">{$sMainSubs}</div>
</li>
EOF;
    }
function genSearchElement()
{
return;
}
}
// Creating template navigation menu class instance
$oTopMenu = new BxTemplMenu();
?>
 
 
 
 
 
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