None of the old CM versions work on the new Steam file system after the updates. The only CM that now works is CM2013 and that is even buggier than an termite mound. And Fakefactory hasn't yet gotten to creating the nudes yet. he is busy ironing out the kinks in the CM2013 but says he will get to it eventually. There are ways to get the older CM's to work after the Steam file updates:
http://cinematicmod.com/forum/viewtopic.php?f=26&t=3022