Been there, tried that. Nice concept, but no. Apparently MS just searches out you non-G rated photos, and overwrites them with updates. Oh, unless you download those photos from an approved MS Store source. I don't know about you, but I cant' force myself to look at even one pic of Bill Gates in a Speedo, and that guy Ballmer, I don't make enough money anymore to afford that number of therapy sessions.
Actually, that's a great question. If it weren't for needed non-MS antivirus updates, it might be worth messing with. God knows all the usual methods to disable updates eventually fail to work anymore. Other than that, you just have to play Task Manager monitor, and kill those pesky Update and Update Orchestrator processes.
Pete