depends what you want to read from it. If all you need is the name of the channel, this will do it. The data in the [chanfolder] section can be sorted in a different order than appears in the favorites list. Each channel has the information has 1 of the items in that section, and it's in comma-delimited format, where there's doublequotes around some of the fields that can contain a comma.

//var -s %i 1 , %total $ini($mircini,chanfolder,0) | while (%i <= %total) { var %item $ini($mircini,chanfolder,%i) , %line $readini($mircini,n,chanfolder,%item) | echo -a $gettok(%line,1,44) | inc %I }