Picasa2 seems to run great under Wine.  The one issue so far is the corrupted fonts for the album headers: 

Upgrading to the latest Wine CVS seems to fix that problem - here’s some cool shots from the program under Wine:

Some of the features don’t work, like printing or mailing photos.  I’m not sure how much of the MAPI stuff Wine has re-implemented, but that’s likely why it’s not working.

For historical reasons, here’s my earlier, non-working screenshot:

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