I'm dual booting windows and linux. My dropbox folder is currently installed via windows. On linux, can I just symlink my dropbox folder to the windows version or something to that effect? I know I can do it, but is there a way to do this and still have the daemon running and syncing correctly?
Yes, you can do so.
I'm not sure I understand, mount the Windows partition, install Dropbox in linux and symlink the Dropbox directory to the Windows directory and it will work fine.
Just ensure your Windows partition is mounted at boot via fstab before the dropbox daemon is running.
/dev/sda1 /mnt ntfs-3g defaults,force 0 0