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The analysis of the multiple-antenna capacity in the high-SNR regime has hitherto focused on the high-SNR slope (or maximum multiplexing gain), which quantifies the multiplicative increase as a function of the number of antennas. This traditional characterization is unable to assess the impact of prominent channel features since, for a majority of channels, the slope equals the minimum of the number of transmit and receive antennas. Furthermore, a characterization based solely on the slope captures only the scaling but it has no notion of the power required for a certain capacity. This paper advocates a more refined characterization whereby, as a function of SNR|/sub dB/, the high-SNR capacity is expanded as an affine function where the impact of channel features such as antenna correlation, unfaded components, etc., resides in the zero-order term or power offset. The power offset, for which we find insightful …