http://bugs.winehq.org/show_bug.cgi?id=8184
--- Comment #8 from Vit Hrachovy vit.hrachovy@sandbox.cz 2007-09-05 11:58:07 --- It's a refraction shader bug. According to comment in AppDB, the bug can be avoided if user switches off refraction shader in his oblivion.ini:
bUseRefractionShader=0
However, this is not the default setting and it also switches off possibility to modify Gamma correction in game.