Microsoft may of canned 1 VS 100 captured but that does not mean that they have abadndoned live episodic games on Xbox Live yet. Instead seems like they are doing it a second go and are also now beta testing a brand new game show, Full House Poker, which features a mode of Hold'em called Texas Heat.
Avatars are going to be used to represent players revealed and will have unique tell signs. There will be also new accessories to your avatar to sport also. (Maybe a Full Tilt hat?)
Players play for experience points and chips along with their overall progress and bankroll more info are going to be saved between sessions. Full House Poker will even feature a leaderboard to help you compare your card shark skills in your buddies.
I think it will be a great incentive should you could win MS Points or XBLA games as prizes for going up to now in the tournament, 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 view it out by next Summer.