I just posted about an issue I had when importing an Excel file to the database here.
In that project I used a function written by Silverink Consulting. The article is called CFSpreadsheet in cfscript. The hard way and I recommend you check it out.
You just add the function, call it with:
resultQuery = ExcelToQuery(params.thefile);
and it just works!
Just wanted to document it here since I found it very useful.