Microsoft may of canned 1 VS 100 a few months ago but i am not saying that they have abandoned live episodic games on Xbox Live at this time. Instead it seems they are doing it a second go and therefore are now beta testing a brand new game show, Full House Poker, which features a topic of Hold'em called Texas Heat.
Avatars will likely be used to represent players available and will have unique tell signs. There will be new accessories on your avatar to sport likewise. (Maybe a Full Tilt hat?)
Players play for experience points and chips as well as their overall progress and bankroll will probably be saved between sessions. Full House Poker will likely feature a leaderboard in order to compare your card shark skills on your buddies.
I think it may be a great incentive should you could win MS Points or XBLA games as prizes for going to date in the tournament, but that is just me wishful read more thinking...
No word on when exactly Full House Poker is arriving out yet, but I couldn't survive surprised to find out it out by next Summer.