Not yet, it will install, but then reports that there are no ports. DMESG reports that the FTDI chip (using the Armite(?) for simplicity - it already has the FTDI chip on-board. (It is this board, hoping that I got it right...
When I do a dmesg, I can see the FTDI chip, and it resolves to /dev/ttyUSB0 (last line of the screen shot below,) so I am thinking that I just need to link that to COM1. Unfortunately, I am not really a Linux expert, and so need to do a bit more research on how to link those ports.
Next, I tried to install the IDE into Windows 7 in VirtualBox (V 4.3.12). The USB port never showed up when I tried to attach it to the Windows guest. I remembered that I had had troubles with my Atmel programmer (USB-ASP) not showing up also - even though dmesg did show the programmer in my host, Linux Mint. After a bit of research, I found that someone had set up a COM port under settings:

(Check out the settings window on the right, I underlined the important parts in red. You will select the COM port that you want from the drop down menu, and then type in the TTY port in the Port/File Path field below.)
Once I did that, I was able to boot Windows 7 in VirtualBox, and launch the BASIC IDE, success!
One caveat - if you do set this up, do not unplug the Armite (note to self:
RTFM, there is a reset button right there on the BASIC IDE screen.

) When you plug it back in, it may resolve to another TTY port - the Windows guest in VirtualBox will not be able to see the board, then.
I still want to set this up to run "natively" in Linux, using Wine. When I get a bit more time (probably after the New Year,) I will figure out how to do that, and will report back.
Merry Christmas, everyone!
Dinkin' around the Christmas Tree
at the Eight-Twelve party hop
USB hung where you can see
Ev'ry connection tries to crop
You will get a sentimental feeling
When you hear voices singing
"Let's be jolly; code and prog with boughs of holly"
Dinkin' around the Christmas Tree
Have a happy compile
Everyone's prog-ing merrily
In a new old fashioned way
With apologies to Johnny Marks & Brenda Lee