Microsoft may of canned 1 VS 100 a few months ago but for many people that they have abandoned live episodic games on Xbox Live yet. Instead it seems they are creating 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 is going to be used to represent players available and will have unique tell signs. There will also be new accessories on your avatar to sport also. (Maybe a Full Tilt hat?)
Players play for experience points and chips along with their overall progress and bankroll is going to be saved between sessions. Full House Poker will likely feature a leaderboard so that you can compare your card shark skills for a buddies.
I think it will be a great incentive in the event you could win MS Points or XBLA games as prizes for going thus far in the tournament, that is just here 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.