Specifies that to complete a scheduled installation Automatic Updates will wait for the computer to be restarted by any user who is logged on instead of causing the computer to restart automatically.If the status is set to Enabled Automatic Updates will not restart a computer automatically during a scheduled installation if a user is logged in to the computer. Instead Automatic Updates will notify the user to restart the computer.Be aware that the computer needs to be restarted for the updates to take effect.If the status is set to Disabled or Not Configured Automatic Updates will notify the user that the computer will automatically restart in 5 minutes to complete the installation.Note: This policy applies only when Automatic Updates is configured to perform scheduled installations of updates. If the "Configure Automatic Updates" policy is disabled this policy has no effect.
Windows Components\Windows Update
Machine
Windows XP Professional Service Pack 1 or At least Windows 2000 Service Pack 3
HKLM\Software\Policies\Microsoft\Windows\WindowsUpdate\AU!NoAutoRebootWithLoggedOnUsers
WindowsUpdate.admx