[Wine] .EXE refuses to launch after upgrade to Wine 1.3.29

[Ricochet@sg]

Hello,

I was using SkyPipeII.exe on Wine 1.3.24 successfully. I have upgraded to Wine 1.3.29, as part of Fedora 16 (64b) upgrade.
Now the program does not launch anymore. I tries re-install and clean ~/.wine for fresh install. No success.

I have:
wine start SkyPipeII.exe 
fixme:exec:SHELL_execute flags ignored: 0x00000100
err:ntdll:RtlpWaitForCriticalSection section 0x682938e0 "loader.c: loader_section" wait timed out in thread 0027, blocked by 0026, retrying (60 sec)
 err:seh:raise_exception Unhandled exception code c0000194 flags 0 addr 0x6820a1a2
err:ntdll:RtlpWaitForCriticalSection section 0x682938e0 "loader.c: loader_section" wait timed out in thread 0027, blocked by 0026, retrying (60 sec)
 err:seh:raise_exception Unhandled exception code c0000194 flags 0 addr 0x6820a1a2

etc...

Any idea?
Thank you