I can confirm that Magic Engine 1.1.3 works just fine under Wine 1.0 RC3. Video sync method 1 caused the video and sound to run way too fast, but method 2 worked just fine.
The IPS patching feature sounds pretty also. Not to turn this into a feature request thread, but there is a new patching format called UPS that is designed to replace IPS in the future. There may be ...