I doubt Valve is doing anything on the leading edge of web design that only a minority of systems are able to support. I figure it is just HTML, CSS and Javascript. If they stick to standards, it'll just work. Security bugs aren't really an issue because you are just using the Steam app to navigate 1 site, Valve's. You only see what Valve presents.
OS support being dropped by an app should only be done because the app is dependent on APIs, etc. that only exist in newer versions of the OS. Not because it is "fashionable" to drop support.