I know this is really late, but I’ve just realized recently.
Did Live Space removed the Template from page customization ?
Templates are an easy first step in customizing Live Space based on preset focus. For example, for story teller, that focused on the Blog module, or photographer, that focus on the Album module, or for gamer with activated XBox modules.
It’s not half bad, right? Not really that intrusive either. I’d even enjoyed if they provide a template for Profile’s detail view so the person can rearrange and expose some details more, for example a professional profile that exposes more about professional information rather than personal. Or for photographers, with a clump of random pictures from Photo album.