Hello ThomasVD,
Tie-point limit defines the upper threshold for the number of projections present on each photo. So actually this parameter effects on the number of points in the sparse cloud. Using zero-value means no limit and the process in such case will work similar to version 1.0. However, if you input zero in Tools Menu -> Thin Tie-Points dialog all the points will be removed.
Note that in some cases the number of projections on some images can be slightly higher than limit.