After the queue there should be a timer on top left coner, that's the time for you to click install/update, if you missed it, you'll have to re-login and wait for the queue again
In my CSGO directory. After the update I just copy the files from \steamapps\common\Counter-Strike Global Offensive and past it in my real game folder. I'm not sure if this is ok or not
This is what I get when i tried to patch the game http://img42.imageshack.us/img42/6704/88268352.png And if I run the RevLoarder it gives me this: Unable to load.\bin\steam\steam.dll. Please edit or comment out steamDll value in rev.ini