http://bugs.winehq.org/show_bug.cgi?id=23831
--- Comment #4 from Nick Lawson vektuz@gmail.com 2010-08-03 00:58:24 --- I got this to run in windowed mode - the problem is not a Steam problem, its a popcap / Wine device enumeration problem.
If you open up your user.reg file in your wine drive, and locate [Software\Steam\PeggleNights] 1280814687
You can add the following to run in windowed mode: "ScreenMode"=dword:00000000
And it no longer crashes.