Microsoft may of canned 1 VS 100 recording but for many people 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 fresh 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 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 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 the event you could win MS Points or XBLA games as prizes website for going thus far in the tournament, 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 determine it out by next Summer.