According to the teachings herein, a wireless device enhances uplink channel estimation at a node in a supporting wireless communication network by beamforming its uplink reference signal transmission towards the node, and correspondingly compensates for the effect of that beamforming when receiving a downlink transmission that was adapted in dependence on the uplink channel transmission. Such processing provides significant advantages in Multiple-Input-Multiple-Output, MIMO, systems that use a potentially large number of antennas for downlink MIMO transmissions and assume reciprocity between the uplink and downlink channels. In particular, uplink beamforming increases the received signal quality of the uplink reference signal used for estimating the uplink channel, while “automatic” compensation by the wireless device of the corresponding downlink transmission obviates the need for the network to know which precoder was used for uplink beamforming, or even that uplink beamforming is in use.