MY UPDATE TO THIS QUESTION.
I found out from ESRI that arcpy currently does not have that capability.
I think I have a work around, but I am unsure of what arcpy command to use. Maybe one of your VB people would know, or if there are any trailblazing python programmers out there.
If I make a default table and place it in the layout, I can then find it using ListLayoutElements. When I find it, is there a way to change the layer that is attached to that GRAPHIC_ELEMENT? For example my template can be using junk.dbf. I find this GRAPHIC_ELEMENT, then I use some arcpy command that let's me change that GRAPHIC_ELEMENT from junk.dbf to myRealFile.dbf. I am hunting for the arcpy command to do this.
Any codehints? If I make a default table and place it in the layout, I can then find it using ListLayoutElements. When I find it, is there a way to change the layer that is attached to that GRAPHIC_ELEMENT? For example my template can be using junk.dbf. I find this GRAPHIC_ELEMENT, then I use some arcpy command that let's me change that GRAPHIC_ELEMENT from junk.dbf to myRealFile.dbf.
I am hunting for the arcpy command to do this. Let me know. Thanks.