I believe the best current way to do this is using an advanced batch script known as Aegis Voat (Github link)(Direct Download Link for V 1.13) which does this for Windows 7 and Windows 8, and does it very well. That page also provides a list of updates you should stay away from, the script also removes a few annoyances such as the new forced Windows 10 upgrade download as well as a few windows services that you probably don't want.
You can alternatively do this by hand in the windows update program, uninstalling and hiding each update you don't want one by one.
This is the current list of updates (february 21, 2016):
kb update description
kb971033 update for windows activation technologies
kb2882822 update for adding itracerelogger interface support
kb2902907 description not available, update was pulled by microsoft
kb2922324 description not available, update was pulled by microsoft
kb2952664 update for upgrading windows 7
kb2976978 update for windows 8.1 and windows 8
kb2977759 update for windows 7 rtm
kb2990214 update that enables you to upgrade from windows 7 to a later version of windows
kb3012973 upgrade to windows 10
kb3014460 update for windows insider preview / upgrade to windows 10
kb3015249 update that adds telemetry points to consent.exe in Windows 8.1 and Windows 7
kb3021917 update for windows 7 sp1 for performance improvements
kb3022345 update for customer experience and diagnostic telemetry
kb3035583 update installs get windows 10 app in windows 8.1 and windows 7 sp1
kb3042058 update for cipher suite priority order (contains winlogon spying elements)
kb3044374 update that enables you to upgrade from windows 8.1 to windows 10
kb3046480 update for migrating .net when upgrading to later version of windows
kb3050265 update for windows update client for windows 7 june 2015
kb3050267 update for windows update client for windows 8.1 june 2015
kb3064683 update for windows 8.1 oobe modifications to reserve windows 10
kb3065987 update for windows update client for windows 7 and windows server 2008 r2 july 2015
kb3065988 update for windows update client for windows 8.1 and windows server 2012 r2 july 2015
kb3068708 update for customer experience and diagnostic telemetry
kb3072318 update for windows 8.1 oobe modifications to reserve windows 10
kb3074677 compatibility update for upgrading to windows 10
kb3075249 update that adds telemetry points to consent.exe in windows 8.1 and windows 7
kb3075851 update for windows update client for windows 7 and windows server 2008 r2 august 2015
kb3075853 update for windows update client for windows 8.1 and windows server 2012 r2 august 2015
kb3080149 update for customer experience and diagnostic telemetry
kb3081437 august 18, 2015, compatibility update for upgrading to windows 10
kb3081454 september 8, 2015, compatibility update for upgrading to windows 10
kb3081954 update for work folders improvements in windows 7 sp1 (contains telemetry elements)
kb3083324 update for windows update client for windows 7 and windows server 2008 r2 september 2015
kb3083325 update for windows update client for windows 8.1 and windows server 2012 r2 september 2015
kb3083710 update for windows update client for windows 7 and windows server 2008 r2 october 2015
kb3083711 update for windows update client for windows 8.1 and windows server 2012 r2 october 2015
kb3086255 september 8, 2015, security update for the graphics component in windows (breaks safedisc)
kb3088195 october 13, 2015, security update for windows kernel (reported to contain a keylogger)
kb3090045 windows update for reserved devices in windows 8.1 or windows 7 sp1 (windows 10 upgrade elements)
kb3093983 security update for internet explorer: october 13, 2015 (ie spying elements)
kb3102810 windows 10 upgrade elements
kb3102812 windows 10 upgrade elements
kb3112343 update for windows update client for windows 7 and windows server 2008 r2 december 2015
kb3112336 update for windows update client for windows 8.1 and windows server 2012 r2 december 2015
kb3123862 updated capabilities to upgrade windows 8.1 and windows 7
kb3135445 windows update client for windows 7 and windows server 2008 r2: february 2016
kb3135449 windows update client for windows 8.1 and windows server 2012 r2: february 2016
Installation guide is well.. download the zip file, extract it into a folder of your choosing, and then run aegis.cmd as administrator.
