The option to revert to an older build of a game has been an undocumented feature of Steam for a while now, but as SteamDB notes, the latest beta changes how the client connects to its content delivery network, removing the access customers had to previous versions of their games.
Going back to an earlier build wasn't something every Steam user was likely to need—in 2020 what was previously a command line function was quietly changed to require a third-party tool—but it still had value. Updates to games like Grand Theft Auto 4...