Soleron said:
You can't copy games; you can't cheat on one of them without Valve deleting all of your purchases; you can't install it on more than one computer at a time; you can't run it without their process spying on you; it collects your data without your consent; you can't run games from a different region; you can't run games at all if your computer doesn't meet Valve's minimum computer requirements; you can't resell your games freely.
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You can backup your Steam games on CD/DVDs.
You can cheat on games, unless it's on multiplayer and affects other users.
You can install Steam games on as much PCs as you wish, all at the same time. There is no limit.
Steam is NOT spyware, and you can run it offline.
Steam does NOT collect data without users' consent. They ask you if you wish to participate on a survey that collects your data.
You can run games from a different region. You just can't buy them if the games' publishers don't want them to be available in a certain region.
Steam has a really small requirements, and pretty any PC with Windows XP/Vista can run it.
Reselling games is against the EULA, so you're on the wrong here.
Result: Steam wins. You Fail.