Microsoft may of canned 1 VS 100 captured 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 it on a second go and therefore are now beta testing a different game show, Full House Poker, which features a mode of Hold'em called Texas Heat.
Avatars will probably be used to represent players up for grabs and will have unique tell signs. There will be new accessories for the avatar to sport likewise. (Maybe a Full Tilt hat?)
Players play for experience points and chips in addition to their overall progress and bankroll are going to be saved between sessions. Full House Poker will even feature a leaderboard so that you can compare your card shark skills on your buddies.
I think it will be a great incentive should you could win MS Points or XBLA games as prizes for here going until now in the tournament, but 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 view it out by next Summer.