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Default IF Formula that results in Protection????

Hi,
I was wondering if there was a way to write an IF formula that results
a range of cells to be protected? In other words, if A1 = 500, then
B1:B10 would be protected? I also heard there may be a way to format a
cell to where you could have a formula in, yet still be able to key
punch in it, without having to erase the formula in the cell. This too
would satisfy my needs. Any truth to it? If someone could answer
either of my inquiries, I would appreciate it. Thanks!
 
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