Well, I do not think it works because you try to run the software on a non-x86-x86. First of all i think, it is necessary binaries compiled for ARM processor. If you have any suggetion or any problem then you can go r googling. It can help you in your any problem.
Might be interesting with the Windows for ARM that seem to be in progress... (Windows CE (including Mobile, PocketPC, etc...) apps might also be useful but might require a lot more work on Wine...) (Since CE does not seem to be completely CE based) Does any of the Itanium / PowerPC / MIPS / Alpha Windows NT apps work on Wine compiled for the relevant CPU? Gert