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Multipath is a problem, of course, but the amount of computational horsepower you can throw at it these days is enormous. All of the diversity combining techniques are amenable to cheaper silicon. In '95, the best available DSP cores (SHARC, if memory serves) to implement a Kalman filter for a DFE in the HIPERLAN environment would have made for a PCMCIA card you could have used to fry an egg. Things are different now.
I've been out of the field for years, but i don't think the physics has changed all that much.