A M-element antenna array (the base station) transmits K bit streams selectively and simultaneously to K single-antenna terminals. TDD operation permits the base station to acquire forward-link CSI from reverse-link pilots. Additional base station antennas are always advantageous. Even at low SINRs and for short coherence intevals it is typically feasible and profitable to transmit bit streams simultaneously to multiple terminals. Our results suggest that the base station of the future should comprise a hundred or so antennas, each equipped with a low-power tower-top amplifier, working in conjunction with cheap single-antenna terminals.