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Actually you missed an important distinction.
1 byte = 8 bits
178Kilobytes = 1424Kilobits

Steam tells you in bytes. Your speed test is telling you in bits. Except that wasn't made clear before you began comparing numbers from the two indicators. Both used capital B. One of the capital B's is officially and technically wrong, but typically accepted by the industry.
They're the same rate per second.

If you think the end of the world means the end of life (at least human life) you're making one huge assumption. The aliens will teleport us all aboard their ships and we get off this rock before it gets hit by PlanetX (or a really big Twinkie). I also wouldn't mind seeing a resonance cascade once in a while.

Take that 178KB/sec.
Multiply by 8
get 1424MB/sec

The difference is some companies use the capital B for bits, others use it for bytes (8 times larger than one simple on/off value). 178Kilobytes is your speed.

Steam is downloading at the rate you are experiencing from your speedtest.
As for why its only 1.4Megabits/s, I suppose you went with the cheapest high-speed internet like I did.
If you paid for 10Megabits/s then you have a problem with your cable company.

wad

Nobody needs to see your steam login account name in that screenshot. Consider obscuring it for security reasons. Use MSPaint and draw an opaque block over it or take your picture down ASAP.

Also if you have flashplayer problems there are at least two installers: One for Internet Explorer and the one for everything else (Firefox, etc). (Sometimes the installer for chrome is a different version number altogether, just to add to the fun). Uninstall all of the flashplayers you have and install both (or all 3) and that should solve the problem.

In the Add/Remove Programs (Programs and Features) control panel list both flashplayers should have the same version number. You might also want to go to the FlashPlayer control panel itself and make sure the automatic updates are working(instead of the uninstall).

Funny thing about Adobe's installers(Including Hackrobat)... you start them and they self-delete, and THEN download the real installer (from a secret location on their servers) to an obscure temp folder location that gets deleted once it finishes.

Give Sanctum a shot. Its tower defense and fps in one game.

Add any simple program.... like minesweeper (winmine.exe) so it shows up on your library list. Then run it from steam. You can change the on-screen name on the properties window for that program.

Dungeon Defenders

Wow, I totally didn't see that. And checking his posts... well I think maybe he fought with an admin in a public chatroom and lost. I don't see anything horrible in the 4 messages he left ever. That banned indicator should perhaps be more obvious though. Different size, etc.
Well I guess I'm done posting on this thread since the OP went to the dark side.

So, do you have a solution to the perceived problem? Do you want to make modern shooters fun? Explain what that would mean.
Or perhaps you find non-shooters to be fun (I happen to like a few from both categories).
What is your point exactly?