Copy the script below and paste it into notepad and save it with the extension .vbs be sure and change the "save as type to:" "All Files". Save the file to the directory "C:\Program Files\Adobe\InDesign CS\Presets\Scripts." You can then run the script from the scripts pallet or you can set a keyboard shortcut to the script. Select the inline graphic, run the script and the graphic will be converted, you can set the textwrap ofset using myOfsetTop, myOfsetBottom etc. This script will run with indesign CS running on windows.
Let me know how it goes.
Perrin
Set myInDesign = CreateObject("InDesign.Application.CS"
rem set offset for text wrap here
myOfsetTop = 0
myOfsetBottom =0
myOfsetLeft = 0
myOfsetRight = 0
Set myDocument = myInDesign.ActiveDocument
Set mySelection = myDocument.Selection.Item(1)
if typeName(mySelection) = "Rectangle" then
myBounds = mySelection.GeometricBounds
myY1 = myBounds(0)
myX1 = myBounds(1)
myY2 = myBounds(2)
myX2 = myBounds(3)
myIndesign.cut()
myIndesign.paste()
Set mySelection = MyDocument.Selection.Item(1)
mySelection.GeometricBounds = array(myY1, myX1, myY2, MyX2)
mySelection.fit idFitOptions.idProportionally
mySelection.textWrapPreferences.textWrapType = idTextWrapTypes.idBoundingBoxTextWrap
mySelection.textWrapPreferences.textWrapOffset = array(myOfsetTop, myOfsetLeft, myOfsetBottom,
myOfsetRight )
else
msgBox "You are not on a graphic"
end if