It's an old thread but a lot of inaccuracies, so I will address them.
IMHO, Step 1 required more studying than Step 2. As for the bar exam, it was not per se more difficult, just for many, more grueling. Many states have a two day exam, half multiple choice, half essay, which is a bit more of a marathon than the first two steps. (Step 3 is also 2 days). As for consequences of failing, the above poster was simply wrong that you can simply retake the bar exam without consequences. You find out the scores in November, about a month after most start working. Many firms will release you, or give you one more chance, if you fail. So you can go from a nice salaried job to the street very quickly with a fail. For one of the Steps, it hurts you to fail in terms of competitive paths, but you don't actually lose a job, you just become a bit less competitive for some fields.
As many as 30-35% fail each bar exam (it's a state by state determination). Perhaps some of that has to do with the less competitive grouping coming out of law school, but most has to do with the fact that unlike med school, where the med school admissions acts as the gatekeeper of the profession, in law the bar serves that role. So while med schools screen out 50% of applicants and then 90% of those who get in become doctors, in law the percentages are reversed (90% get in somewhere but between attrition and bar failures, only about half become lawyers). Most people who want to go to law school can get in somewhere, but about a third will never become licensed to work in that field. So that's a far more drastic repercussion of the bar exam than any Step. Which for some makes it harder -- you aren't just playing for a specialty, you are playing for a career.