Mine updated and I was fine. I downloaded an update to DOD:S right afterwards. Did you try restarting your computer after it kept crashing on you? If you did, you probably have to reinstall steam, unfortunately.
Mine has been doing that too, with the UT3 update I would wait for the starting download message, then go to the steam settings and change the download region to something else, it will restart steam and hopefully actually download this time.
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