This issue has occured on my PC today as well. It seems to only be affecting SCS Games, as Portal that I got for free during the giveaway is still working correctly.
If it's a new error, a solution may not have been found, and so I think we'll have to wait a while here for a fix, or for Valve to submit one in update form.
If the crash reports help at all, here is mine from launching plain old Half-Life 2, with no mods.
- Problem Event Name: APPCRASH
- Application Name: hl2.exe
- Application Version: 0.0.0.0
- Application Timestamp: 4c0de821
- Fault Module Name: steamclient.dll
- Fault Module Version: 0.87.68.25
- Fault Module Timestamp: 4c17eee1
- Exception Code: c0000005
- Exception Offset: 00075cc5
- OS Version: 6.0.6001.2.1.0.256.1
- Locale ID: 4105
I have faith in this forum and its members.
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