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As long as gaben is in charge I think it's in rrasonably safe hands, but the second he is out the enshittification will be Swift and complete.
I foresee the only chance steam has of not being immediately enshittified would be for it to be a 100% employee owned company and to stay the f away from ever being listed anywhere.
I don't know about that. The whole company is set up in a very unique way, such swift enshittification would probably cause a mutiny.
How well the culture of just making good things is enshrined once Gaben is gone is a different question. I can easily see a slow dissolution of the company as the people who care and the people who can grab power fight.
I also don't know the internal details of the structure besides that it's very flat and self-driven. Perhaps Gaben has an apprentice? I can't imagine him being completely blind to his unique importance, surely they won't just sell the company or hire a random CEO.