I know that IE is not the best browser out there, but since I do some web-development and I need the web-sites I do to be also compatible with IE, I have to have IE installed on my linux box. Fortunately, there are guys out there who created a very nice script to set everything up automatically. The only thing to be done is to install wine-* and cabextractor packages from yum and then run the script. Works great.
For the script and installation instructions (for fedora) go here.