Microsoft may of canned 1 VS 100 captured but i am not saying that they have abandoned live episodic games on Xbox Live yet. Instead it seems like they are doing it a second go and so are now beta testing a fresh game show, Full House Poker, which features a topic 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 on your avatar to sport too. (Maybe a Full Tilt hat?)
Players play for experience points and chips and overall progress and bankroll is going to be saved between sessions. Full House Poker can even feature a leaderboard so you're able more info to compare your card shark skills for a buddies.
I think it could be a great incentive in case you could win MS Points or XBLA games as prizes for going thus far in the tournament, but that is just me wishful thinking...
No word on when exactly Full House Poker is originating out yet, but I may not be surprised to find out it out by next Summer.