same here. game starts up and that's what happens. network is good.
Pinging 89.163.234.93 with 32 bytes of data:
Reply from 89.163.234.93: bytes=32 time=111ms TTL=112
Reply from 89.163.234.93: bytes=32 time=108ms TTL=112
Reply from 89.163.234.93: bytes=32 time=109ms TTL=112
Reply from 89.163.234.93: bytes=32 time=111ms TTL=112
Reply from 89.163.234.93: bytes=32 time=107ms TTL=112
restarted steam. same prob.
EDIT: got it to work by signing in on x86 variant. Running win 8.1.