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