Investigating X-ray luminous galaxy clusters at high redshift provides a challenging but fundamental constraint on evolutionary studies of the largest virialized structures in the Universe, the baryonic matter component in form of the hot intracluster medium (ICM), their galaxy populations, and the effects of the mysterious Dark Energy. I will discuss the status and prospects of the XMM-Newton Distant Cluster Project (XDCP), a new generation serendipitous X-ray survey focused on the most distant galaxy clusters at z>1. Based on the analysis of 80 deg^2 of deep XMM-Newton archival X-ray data, we have selected some 250 distant cluster candidates, followed-up by optical/NIR two-band imaging, and the ongoing spectroscopic confirmation of currently about two dozen systems. I will present multi-wavelength properties of recently discovered high-z clusters and discuss preliminary implications for the evolution of BCGs and early type galaxies in cluster environments.