http://bugs.winehq.org/show_bug.cgi?id=27982
--- Comment #1 from Andrew Eikum aeikum@codeweavers.com 2011-08-19 15:26:43 CDT --- Well, this is interesting. The application actually fails on Windows Vista, too. It gets "stuck" at the Microsoft logo screen for a few seconds (the same place Wine freezes), and then the application sort-of recovers and displays a (very buggy) error screen. This happens even in Win95 and Win98 compatibility modes. So there's still a bug someplace in Wine -- it should drop to the error screen -- but otherwise we seem to be behaving as mmdevapi-enabled Windows behaves.
Tempted to close as WONTFIX.