Updates to the Steam Client have been released. The updates will be applied automatically when your Steam client is restarted. The specific changes include:

Steam Client

• Added new filesystem for use with Red Orchestra - users will be automatically converted on launch. Improves load times in Red Orchestra on low-end systems
  
• Improved Steam startup time
  
• Reduced CPU usage/processing time during downloads
  
• Improved content download rates
  
• Optimized downloads to skip unused files
  
• Updated reliability and usability data collection
  
• Localized country names in purchase wizard
  
• Fixed case where downloader could stall
  
• Fixed case where the steam: // protocol handler wouldn't get restored on launch
  
• Fixed purchasing issue if the user had an expired logon ticket
  
• Fixed rare crash when browsing for servers
  
• Fixed cybercafe's not being able to use the 'Do not save personal information on this computer' settings option