I can confirm that this setting works, at least on windows 10 enterprise anniversary, even though it says that downloads will be installed automatically.

Click image for larger version. 

Name:	update1.png 
Views:	1 
Size:	68.1 KB 
ID:	98312

Click image for larger version. 

Name:	update2.png 
Views:	1 
Size:	37.4 KB 
ID:	98310