Microsoft may of canned 1 VS 100 recording but that does not mean that they have abandoned live episodic games on Xbox Live yet. Instead it seems they are creating a second go and they are now beta testing a whole new game show, Full House Poker, which features a layout of Hold'em called Texas Heat.
Avatars will probably be used to represent players revealed and will have unique tell signs. There will be also new accessories to your avatar to sport at the same time. (Maybe a Full Tilt hat?)
Players play for experience points and chips as well as their overall progress and bankroll will probably website be saved between sessions. Full House Poker will likely feature a leaderboard so you're able to compare your card shark skills for a buddies.
I think it will be a great incentive when you could win MS Points or XBLA games as prizes for 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 may not be surprised to discover it out by next Summer.