This policy setting controls whether users can follow hyperlinks to templates on Office.com from within Office 2010 applications.
If you enable this policy setting, users will not be able to follow any links to templates on Office.com from within Office 2010 applications.
If you disable or do not configure this policy setting, users can download templates from Office.com from within Office 2010 applications directly. In Access, Excel, PowerPoint, and Word, users can download templates by clicking the Microsoft Office button, clicking New, and selecting a category listed under "Office.com" or "From Office.com". In InfoPath, users can go to the Office.com template download page by clicking File, clicking "Design a Form Template", and then clicking "Forms on Office.com".
Note - Enabling this policy setting does not prevent users from downloading templates from Office.com using their Web browsers.