I'm afraid your quiet wrong there might not be updates to the client but they are aware of what is going on. I've been in contact with Doug and a few other staff over at the forums they are aware of what is going on.
lol yeah i know this from somewhere....xD
i asked them why my account is banned from vac while i was in hollidays...and after some time the database was not down and they said that its not their problem when i cant keep my password save (something like that..>_<)
=> steam just sux^^