I haven't tried that app myself, and your log doesn't show any really obvious problems. Did you try winetricks dotnet20 and/or winetricks ie6 or winetricks ie7 ? Another guy may be using the same app, see recent post http://forum.winehq.org/viewtopic.php?p=53661&sid=5bcaf5ebd26a2e65b7bfefcab57bb3cc
