This is terribly late but hopefully i can still help you.
I wrote a guide a while ago to get EQEMU running w/ WINE... it should still be relevant:
http://mqemulator.net/forum2/viewtopic.php?t=128
(Most applicable to you is the vertexshader options and also.... you might have to compile WINE for yourself)
I am about to go through it again and am thinking I might update the guide.