You can add preformatted document libraries to your SharePoint sites easily. They give you an excellent example of how you can set up Microsoft Office Word 2007 templates with a document information panel containing metadata values based on the columns in your corresponding document library.
It is also an excellent example about how you can add these metadata values in your Word 2007 document through means of inserting Quick Parts. By editing the properties of your document in SharePoint, the update will be reflected immediately in your Word 2007 document and vice versa.
I ran into one problem however: after having installed the List templates in the List templates gallerie, they didn't become available in my site when I tried to create a new document library.
I soon realised it had something to do with the language settings: my site was not an English site, but the List templates are only available for download in English.
To create new document libraries based on these excellent examples of List templates in a non-English site, follow these steps: