https://bugs.winehq.org/show_bug.cgi?id=43193
--- Comment #12 from Joel Holdsworth joel@airwebreathe.org.uk --- Here is a new hacks branch rebased on master:
https://github.com/jhol/wine/tree/msys2-hacks-4
The branch contains all the above mentioned patches from Jacek Caban, Bernhard Übelacker, Zebediah Figura, Jinoh Kang, and now includes fixes from myself, which addresses an issue with NT-style GUID volume paths: https://bugs.winehq.org/show_bug.cgi?id=53547
With all these patches applied, the installer is able to complete in either GUI or CLI modes.