I've been seeing this this just this morning, and no amount of steam restarts or game restarts seems to alleviate it.
I also used the steam updater, which assures me my client is up to date.
Internet is working.
Also, whenever I quit TF2 after seeing this, I see the following in console:
Using breakpad crash handler
Setting breakpad minidump AppID = 440
Forcing breakpad minidump interfaces to load
Looking up breakpad interfaces from steamclient
Calling BreakpadMiniDumpSystemInit
Looking up breakpad interfaces from steamclient
Calling BreakpadMiniDumpSystemInit