http://bugs.winehq.org/show_bug.cgi?id=12592
--- Comment #2 from suisalu@tdl.ee 2008-04-15 04:34:33 --- Yep, that workaround solved my problem.
I was having the same issues as described in that bug: http://bugs.winehq.org/show_bug.cgi?id=12516
Namely, wine was giving me this error: preloader: Warning: failed to reserve range 00000000-60000000
I had to install photoshop again though, this time with serial. My last install was a tryout and though I was able to insert the serial/activate it afterwards, I got another error. I've attached the error dialog. I'm not sure whether I got this before or after installing updates.
Anyway, reinstalling the application with serial worked.
Thanks alot