Wireless communication standards are developed at an ever-increasing rate of pace, and significant amounts of effort is put into research for new communication methods and concepts. On the physical layer, such topics include MIMO, cooperative communication, and error control coding, whereas research on the medium access layer includes link control, network topology, and cognitive radio. At the same time, implementations are moving from traditional fixed hardware architectures towards software, allowing more efficient development. Today, field-programmable gate arrays (FPGAs) and regular desktop computers are fast enough to handle complete baseband processing chains, and there are several platforms, both open-source and commercial, providing such solutions. The aims of this paper is to give an overview of five of the available platforms and their characteristics, and compare the features and performance measures of the different systems.