I am in the process of creating some templates based on the logic used in the new StrataFlix sample application created by the StrataFrame Team.
After Trent pointed me to some sites with info on how to create templates, I found this video on the MSDN site which shows just that: http://msdn.microsoft.com/en-us/vbasic/cc308390.aspx
Also there are many other short videos which you may find interesting here: http://msdn.microsoft.com/en-us/vbasic/bb466226.aspx
Yes, we are in the same page here . My plan is to have a project template with all the things I will use in most projects. So far after the training class I am having my project better organized and once I reach that point of standarized most things I need, then I will create a Project Template.
Again, don't confuse the template with inheritance, a project template will need to be updated everytime SF sent updates that may affect whatever is included in the template.