http://bugs.winehq.org/show_bug.cgi?id=5520
------- Additional Comments From imago@devinity.de 2006-24-06 07:08 ------- seems to be caused by the NX protection which is enabled by default for ia32 emulation since 2.6.17. Looks like wine still doesn't handle that correectly.
Try adding 'noexec32=off' to your kernel commandline as a workaround.