This is the compatibility layer that allows you to run various Windows applications and games on Linux (and forms part of Steam Play Proton). Once a year or so, a new stable release is made but the development versions are usually fine to use.
Wine 7.17 is a quieter release than most with only two new main highlights, plus 18 bug fixes.
Here's what's new in Wine 7.17:
- High Unicode planes support in DirectWrite.
- Some work towards Wow64 support in the Vulkan driver.
- Various bug fixes.
The bugs noted as solved include issues with: Earth 2150, Endless Online, Summoner, Battle Realms: Zen Edition, Riot Vanguard, Liar-soft Visual Novels, BioShock and various other miscellaneous bug fixes.
Be sure to try out Bottles, it's what I use on desktop and Steam Deck and it keeps on getting better constantly. It's a great way to manage various apps and games with Wine.