Microsoft may of canned 1 VS 100 a few months ago but that does not mean that they have abadndoned live episodic games on Xbox Live yet. 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 method of Hold'em called Texas Heat.
Avatars will probably be used to represent players shared and will have unique tell signs. There will also be new accessories for ones avatar to sport too. (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 to help you compare your card shark skills for your buddies.
I think it will be a great incentive in read more case you could win MS Points or XBLA games as prizes for going until now in the tournament, that is just me wishful thinking...
No word on when exactly Full House Poker is arriving out yet, but I couldn't survive surprised to discover it out by next Summer.