Do you have any of the features of Windows Live Essentials installed on your computer?
Windows Essentials is a suite that includes Windows Live Mail, Windows Messenger, Writer, Family Safety, Microsoft SkyDrive and Outlook Connector. I suspect that this is what the Writer is referring to. It's in the correct Program File for Writer. If you don't want to keep it you can uninstall. In Add Remove programs choose Windows Essentials/Remove one or more Windows Essentials programs and check the box for Writer.
If it is not installed it may have been at one time and could be a leftover entry after uninstalling Writer. Why you see the shortcut as an entry I have no clue.
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edit to add: I just installed Writer. I checked and saw this C:\Program Files (x86)\Windows Live\Writer\WindowsLiveWriterShortcuts.dll
I then uninstalled Writer because I have no use for it. I went back to C:\Program Files (x86)\Windows Live\Writer. The shortcut entry was gone but there are other leftover entries related to Writer.
Edited by Queen-Evie, 28 January 2013 - 03:46 PM.