The game will install correctly except the beanfun! kernel. Obviously a custom kernel will never work in WINE. You can work around the custom kernel by using the "Run Command..." option and executing LucentPatch.exe with two parameters: your login name (e-mail address) and your password.
NOTE: Game servers will not launch till May 12th, so I cannot test actual gameplay. With this work-around, the game window performs as it does on a Windows machine: to a screen saying "Unable to Connect!".