I wonder wtf is in the 200+ megabyte installer that has to download every other day if not the data the store needs...
Steam redownloads the client when it shuts down "dirty" to fix itself, but to me it was happening basically every time.
It's not a frequent occurrence, unless I have too many games installed, but then those are the downloaded games updating stuff, not Steam. Uninstall the ones you're not going to play in a while if that's becoming a problem.