well, I wouldn't be so opposed to it so much it if....
1. I was allowed to decide where the game installs via the installer (like a non-Steamed game)
2, I wasn't forced to do the 0 day patch to play the game
3. I was was allowed to decide which patch to update to (I'm the type that likes having a folder of patches for my game)
1. Well, you can install Steam anywhere you want, and from that point the game follows it. And in fact you can even https://support.steampowered.com/kb_article.php?ref=7418-YUBN-8129 after it's installed any time you want, without having to reinstall anything. So, you actually can pick where you want your games, and you can move them much more easily than ever before if you feel like you want them in a new place. The only thing you can't do is put one steam game one one drive and a different steam game on a separate drive. I don't know what motivation you might have to do that anyway, but if you did, you're right, that's not really an option.
2.
I'm not sure what you mean by the 0 day patch or why you would be forced to download it, unless there's something wrong with the game that the developer wants to update. Edit, now I see what you mean. I respond to this http://www.gamesas.com/index.php?/topic/1199833-do-we-have-any-news-on-what-type-of-drm-skyrim-will-use/page__view__findpost__p__17859166.
3. Lastly, you can still download and install the individual patches if the developer releases them.