A configurable transceiver includes an RF receiver that generates a stream of inbound data from at least one received RF signal, wherein the RF receiver is configurable in response to a control signal. An RF transmitter generates at least one RF signal from a stream of outbound data, wherein the RF transmitter section is configurable in response to the control signal. A configuration controller generates the control signal based on channel data. A power management unit generates at least one receiver supply signal and at least on transmitter supply signal in accordance with a plurality of power consumption parameters, and wherein the power management unit adjusts at least one of the plurality of power consumption parameters based on the control signal.