— Diversity–multiplexing tradeoff (DMT) presents a compact framework to compare various MIMO systems and channels in terms of the two main advantages they provide (i.e. high data rate and/or low error rate). This tradeoff was characterized asymptotically (SNR-> infinity) for i.i.d. Rayleigh fading channel by Zheng and Tse [1]. The SNR-asymptotic DMT overestimates the finite-SNR one [2]. In this paper, using the recent results on the size-asymptotic (in the number of antennas) outage capacity distribution, we derive and analyze the finite-SNR DMT for a broad class of channels (not necessarily Rayleigh fading). Systems with unequal number of Tx and Rx antennas exhibit qualitatively-different behavior from those with equal number of antennas: while the size-asymptotic DMT of the latter converges to the SNRasymptotic DMT as the SNR grows, that of the former does not. However, the size-asymptotic DMT does provide an accurate approximation of the true DMT at low to moderately-high SNR...