I was working on a model earlier today and had to restart Steam because it kept nagging me about updating it. Anyway, after I restarted, I was no longer able to get the model to compile correctly. The compiler will spit out the .dx80.vtx, .dx90.vtx, .mdl, .sw.vtx and a .vvd, but no .phy file.
I tried compiling known previously working models and they all exhibit the same problem, the compiler won’t create a .phy file. Did the syntax change or did valve break something again?