https://bugs.winehq.org/show_bug.cgi?id=41577
--- Comment #4 from winetest@luukku.com --- I got good news.
You need to use the other installer. From here
http://www.playragnarok.com/downloads/clientdownload.aspx
Use fresh wineprefix.
winetricks -q vcrun2008 ie8
Start the installer. Complete all steps launching the game from the isntaller doesn't work. Start the game from the installed directory and it starts to updated itself. I was able to get into game.
wine 2.0rc3.