http://bugs.winehq.org/show_bug.cgi?id=21362
--- Comment #1 from Dan Kegel dank@kegel.com 2010-01-13 19:39:40 --- http://social.msdn.microsoft.com/Forums/en/windowssdk/thread/5ff23788-bd70-4... appears to explain how the tool works, and helpfully mentions that you have to run Visual C++ 2005 once first. Sadly, running devenv once with $ cd ~/.wine/drive_c/"Program Files/Microsoft Visual Studio 8/Common7/IDE" $ wine devenv didn't seem to help.
(See also http://blogs.msdn.com/windowssdk/archive/2008/03/01/integrating-windows-sdk-... )