This policy setting controls whether users can download document templates from Office.com, either in a browser from Office.com ...

This policy setting controls whether users can download document templates from Office.com, either in a browser from Office.com or from within Office 2010 applications. 

If you enable this policy setting, users cannot download document templates from Office.com through Office 2010 applications or through a Web browser. 

If you disable or do not configure this policy setting, users can download document templates from Office.com through Office 2010 applications or through a Web browser.