Microsoft may of canned 1 VS 100 captured but i am not saying that they have abadndoned live episodic games on Xbox Live yet. Instead it seems they are doing it a second go and so are now beta testing a different game show, Full House Poker, which features a method of Hold'em called Texas Heat.
Avatars will likely be used to represent players revealed and will have unique tell signs. There will also be 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 can even feature a leaderboard to help you compare your card shark skills in your buddies.
I think it will be a great incentive in case you could win MS Points or XBLA games as read more prizes for going until now in the tournament, that is just me wishful thinking...
No word on when exactly Full House Poker is resulting out yet, but I would not be surprised to determine it out by next Summer.