As far as I know this doesn't seem possible using InfoPath OOTB. However most of my experience with custom initiation forms used ASP.NET web forms where we serialized a class and stuffed it into ActivationData.
Possible approaches might be:
Encapsulate XML parsing
Use xsd.exe to create a class based off the schema of your infopath form.
1. Encapsulate XML parsing
You could create a class that encapsulates your form data and takes the xml string as a parameter of it's constructor.
Infopath form:
<?xml version="1.0" encoding="UTF-8"?><?mso-infoPathSolution solutionVersion="1.0.0.2" productVersion="12.0.0" PIVersion="1.0.0.0" href="file:///C:\Documents%20and%20Settings\Administrator\My%20Documents\Template1.xsn" name="urn:schemas-microsoft-com:office:infopath:Template1:-myXSD-2005-10-21T21-12-27" ?><?mso-application progid="InfoPath.Document" versionProgid="InfoPath.Document.2"?><my:assetTracking xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xmlns:xhtml="http://www.w3.org/1999/xhtml" xmlns:my="http://schemas.microsoft.com/office/infopath/2003/myXSD/2005-10-21T21:12:27" xmlns:xd="http://schemas.microsoft.com/office/infopath/2003" xml:lang="en-gb">
<my:employee>
<my:employeeName></my:employeeName>
<my:employeeDepartment></my:employeeDepartment>
</my:employee>
<my:assets>
<my:asset>
<my:assetID></my:assetID>
<my:assetDescription></my:assetDescription>
<my:assetMake></my:assetMake>
<my:assetModel></my:assetModel>
<my:assetSerialNumber></my:assetSerialNumber>
<my:assetAssignedTo></my:assetAssignedTo>
<my:assetDepartment></my:assetDepartment>
<my:assetLocation></my:assetLocation>
<my:assetCategory></my:assetCategory>
<my:assetNotes></my:assetNotes>
</my:asset>
</my:assets>
Custom form data class
public class FormData
{
public string EmployeeName { get; set; }
public string EmployeeDepartment { get; set; }
public FormData(string formData)
{
XmlDocument document = new XmlDocument();
document.LoadXml(formData);
XmlNamespaceManager namespaceManager = new XmlNamespaceManager(document.NameTable);
namespaceManager.AddNamespace("my", "http://schemas.microsoft.com/office/infopath/2003/myXSD/2007-05-08T04:21:20");
// Initialize member fields
this.EmployeeName = document.SelectSingleNode("/my:employee/my:employeeName", nsmgr).InnerText;
this.EmployeeDepartment = doc.SelectSingleNode("/my:employee/my:employeeDepartment", nsmgr).InnerText;
etc....
}
}
2. Use xsd.exe
xsd can be used to generate a class that is based on the schema used by your workflow form. See: How to: Access Association and Initiation Form Data in a Workflow