http://bugs.winehq.org/show_bug.cgi?id=16244
--- Comment #13 from Thomas Beimel gnulinux@thomas-beimel.de 2008-12-23 06:24:56 --- Because of this line : << err:msi:ready_media Cabinet not found: L"Z:\media\cdrom0\Disk2C~1.cab" >> I suspect that wine does not know when it has to change CDs. I assume this because Disk2C~1.cab is not present on the first CD.
But: I also tried to copy the content into one folder and installed from there and had a very similar error (that's where the console output comes from)