http://bugs.winehq.org/show_bug.cgi?id=17631
--- Comment #3 from Andrew Nguyen arethusa26@gmail.com 2009-03-08 03:54:57 --- It looks like the problem with the installer failing to detect the Visual C++ runtimes when installed is that Wine does not implement the Global Assembly Cache:
0009:Call KERNEL32.GetWindowsDirectoryW(0032df34,00000104) ret=60d2f444 0009:Ret KERNEL32.GetWindowsDirectoryW() retval=0000000a ret=60d2f444 0009:Call KERNEL32.FindFirstFileW(0032e0c8 L"C:\windows\assembly\GAC_32\Microsoft.VC80.CRT,version="8.0.50727.42",type="win32",processorArchitecture="x86",publicKeyToken="1fc8b3b9a1e18e3b"",0032d658) ret=60d2beda 0009:Ret KERNEL32.FindFirstFileW() retval=ffffffff ret=60d2beda