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No
Windows restore from your created CD or the one Manufacturer provided but a copy of Windows (the OS) configured for your hardware (as existeed at CD creation time). It is also possible to burn an Image of your system thor that moment in time. You then restore - install things that happen afterwards.
Windows backup backs up the USER files and settings. But I don't think it even attempts to do the programs YOU add, nor does it have any updates. (It may have the user settings)
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