Pirates have already gotten around it. There is a working version out there already.
Number 2, I hate Steam. There is no reason I should have to disable my antivirus, my firewall, reboot in safe mode, and whatever stupid workarounds that I had to try to get the damned thing to INSTALL while having an internet connection. I should NEVER have to use an unsecured internet connection to do something, yet until I did all of the above, Steam would NOT update. And I'm not the only one that has had this problem.
Unfortunately, I'm not an idiot and actually use security software. Apparently in order to get the damned thing to work without monkeying around with it, I have to be an idiot and not use security software because the damned thing doesn't like most of the most popular programs out there. Instead of, you know, getting it to work with them.
And yes, I ran it as administrator. No dice. Disabled antivirus. No dice. Disabled firewall. No dice. Ran in safe mode, with networking. No dice. Screw it, reboot. Try again. Worked. NEVERMIND that my AV was running, firewall was running, I was running it as administrator and I wasn't in safe mode. Like the first time I tried to run it and got error 5, access denied.
My opinion still stands. Steam is a piece of dung and I wish they'd have used something else. Hell, I've never had any other DRM do this.