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"some older games even work better with Wine than with Windows 10."This has been true for 16 bit games since long before Windows 10. Ages ago one of my favourite games stopped working on Windows, but Wine had no problems with it. So my impression has always been that Wine is excellent for really old games, but slightly more recent games, it could already be very hit and miss.
> "If you have a spare GPU, a VM with PCI passthrough does an even better job, except for some anti-cheat software that artificially discriminates against this setup."
Doesn't every CPU these days have onboard graphics? My Thinkpad X1E should support hybrid graphics, so it'd be nice if I could give the GPU to a VM and have the desktop use the CPU graphics.
But if a Windows VM does a better job, that means Wine doesn't yet do as good a job as Windows. Though it's certainly true that Steam support for Linux is growing. But I don't think every Steam game already works on Linux.