Microsoft may of canned 1 VS 100 trapped on tape but i am not saying that they have abadndoned live episodic games on Xbox Live as of this time. Instead it seems like they are passing on a second go and are also now beta testing a brand new game show, Full House Poker, which features a method of Hold'em called Texas Heat.
Avatars will probably be used to represent players shared and will have unique tell signs. There will also be new accessories for ones avatar to sport too. (Maybe a Full Tilt hat?)
Players play for experience points and chips as well as their overall progress and bankroll is going to be saved between sessions. Full House Poker will even feature a leaderboard in order to compare your card shark skills on your buddies.
I think it might be a great incentive should 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 arriving out yet, but I couldn't survive surprised to get more info view it out by next Summer.