Microsoft may of canned 1 VS 100 recording but for many people that they have abadndoned live episodic games on Xbox Live as of this time. Instead it seems like they are doing it a second go and therefore are now beta testing a different game show, Full House Poker, which features a layout of Hold'em called Texas Heat.
Avatars is going to be used to represent players revealed and will have unique tell signs. There will also be new accessories for ones avatar to sport at the same time. (Maybe a Full Tilt hat?)
Players play for experience points and chips and overall poker rules 7 card no peek progress and bankroll are going to be saved between sessions. Full House Poker will likely feature a leaderboard in order to compare your card shark skills in your buddies.
I think it may be a great incentive when you could win MS Points or XBLA games as prizes for going up to 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 couldn't survive surprised to determine it out by next Summer.