Not exactly...
I just have use a tool like "Regshot 1.8.1" to compare it... it seams it is this Key:
HKU\S-1-5-21-4135725843-1723146485-808110751-1000\Software\Microsoft\Windows\CurrentVersion\Explorer\Advanced\HideIcons: 0x00000000
HKU\S-1-5-21-4135725843-1723146485-808110751-1000\Software\Microsoft\Windows\CurrentVersion\Explorer\Advanced\HideIcons: 0x00000001
By 0x00000001 it hides the Icons I think!