You could use a verse environment inside a minipage environment in order to suppress the unwanted initial blank lines. The following MWE illustrates this method. Since it appears you may have a lot of these cases, you may want to create a new command called, say \vfootnote, that acts like a normal footnote except that it typesets its contents in a minipage that's not offset very much -- per your stated preferences -- to the right of the footnote number
\documentclass{article}
\makeatletter
\newenvironment{fnverse}
{\let\\\@centercr
\list{}{\itemsep 0pt
\itemindent -1.5em%
\listparindent\itemindent
\rightmargin \leftmargin
\advance\leftmargin-1em}% adjust to taste
\item\relax}
{\endlist}
\makeatother
\newcommand{\vfootnote}[1]{%
\footnote{%
\begin{minipage}[t]{0.9\textwidth}
\begin{fnverse}
#1
\end{fnverse}
\end{minipage}}}
\begin{document}
\ldots\ the opening lines of Vergil's Aeneid.\vfootnote{%
Arma virumque cano, Troiae qui primus ab oris\\
Italiam, fato profugus, Laviniaque venit\\
litora, multum ille et terris iactatus et alto\\
vi superum saevae memorem Iunonis ob iram;\\
multa quoque et bello passus, dum conderet urbem, \\
inferretque deos Latio, genus unde Latinum,\\
Albanique patres, atque altae moenia Romae.}
More text \ldots
\end{document}
The resulting footnote looks like this (note that I've kept the page marker in the image to provide a sense of the vertical separation between footnote material and the page number):

hangoption forfootmisc), your problem would disappear. – jon Jun 7 '12 at 17:25