http://bugs.winehq.org/show_bug.cgi?id=28651
--- Comment #4 from Chris Wyatt wyattmeister@gmail.com 2011-10-12 09:02:03 CDT --- I replaced AUDIO.DLL with the one from my Windows XP VM, and it worked! Thanks for spotting this, I had a glance at the debug log but there was a lot of stuff in there, and I didn't notice the AUDIO.DLL message, so thanks for pointing that out.
It's an old CD and a little bit scratched so it's possible the file was corrupted, if this seems likely then this issue could be closed.