If it is a dropdown and you want to populate it with options may be use this filter
add_filter("gform_predefined_choices", "add_predefined_choice");
function add_predefined_choice($choices){
$choices["My New Choice"] = array("Choice 1", "Choice 2", "Choice 3");
return $choices;
}
http://www.gravityhelp.com/documentation/page/Gform_predefined_choices
gform_field_value_selection filter is for default value.
Give a look here http://www.gravityhelp.com/documentation/page/Developer_Docs
See if this works..
add_filter("gform_field_value_selection", "populate_selection");
function populate_selection ($value) {
$favs = wpfp_get_users_favorites();
$list = array();
foreach ($favs as $fav){
$list[] = get_the_title($fav);
}
return $list;
}