Microsoft may of canned 1 VS 100 recording but i am not saying that they have abandoned live episodic games on Xbox Live at this time. Instead it seems they are passing it on a second go and are also now beta testing a brand new game show, Full House Poker, which features a mode of Hold'em called Texas Heat.
Avatars will likely be used to represent players revealed and will have unique tell signs. There will be also new accessories for the avatar to sport also. (Maybe a Full Tilt hat?)
Players play for experience points and chips in addition to their overall progress and bankroll will likely be saved between sessions. Full House Poker will likely feature more info a leaderboard so you're able to compare your card shark skills on your buddies.
I think it might be a great incentive in the event you could win MS Points or XBLA games as prizes for going up to now in the tournament, but that is just me wishful thinking...
No word on when exactly Full House Poker is on its way out yet, but I couldn't survive surprised to view it out by next Summer.