Yep, I had it the other night. Unsure exactly how long it lasts for but it isn't too long. Someone else told me it lasts around 30 minutes but I wasn't timing it.
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I believe it's an old feature that they've implemented again in one of the recent updates.
Googling "too many activation attempts steam" (without the "") brings up a handful of results from the past few days.
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Valve probably noticed someone trying to brute force game keys.
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I never ran into this on my primary steam account (which I use constantly and have many games on). However, I was checking groupees keys the other day on my alternate account (very few games, hardly use) to make sure they were used, It blocked my after a few attempts.
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What's really annoying me about this is it also classes trying to activate a game you already have as an "Unsuccessful Attempt" so when trying to add a bundle of games, if I already have a few, triggers this and I can't continue. Bit stupid.
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Not always, last couple of months it didn't as I often try out my keys lying around everywhere in many text files. Just yesterday I noticed it's occuring again.
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Problem is that it happens with activating a lot of valid keys as well, not only used/duplicate/invalid. I got this message about 7 times in two days and I have no idea why I got it so many times, unless there is a limit on activations in general. Also the time you get locked seems to be a bit random. First time the message stopped showing up after 10 mins, while another time it took about an hour.
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Yup, activations in general. I redeemed a bunch of bundles the other day and got locked out with one game left to redeem.
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Before it didn't, and now it seems like it does....
Edit: meant keys
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