The Steam patch that Larian said was issued has not been applied. I purchased the game today during the sale (mistakenly - if I had known the DRM was still there I would've skipped it), and after installing and running it the SecuROM activation tool popped right up.
Lar_G, can you please check on this for us? I'm assuming it was a mistake by either Steam or Focus, but I would feel a lot more comfortable if you looked into it.