I don't have 2007 so I can't send you an exact example of what you would be looking for, but you have already navigated to a node with the following line:
XPathNavigator rtfNav = nav.SelectSingleNode("//my:rtfField", NamespaceManager);
So what you would need to do is set the address of your drop down box in the place of your "//my:rtfField" option and then use Text or Value to get its content.
If you still get an error, break out and add a watch on nav.select etc. and find out what the name of the value is.
rtfWriter.WriteString(nav.SelectSingleNode("//my:dropDownListField", NamespaceManager).Text);
Remember that JScript/C# etc. are case sensitive... I don't know if SelectSingleNode or Text should start with lower case letters and I don't know if Text should be Value etc.. You'll have to work that out if you get an error saying the method isn't available.