The paper provides a tutorial overview of ultrawideband (UWB) radio technology for high-speed wireless connectivity. Subsequent to establishing a historical and technological context, it describes the new impetus for UWB systems development and standardization resulting from the FCC's recent decision to permit unlicensed operation in the 3.1-10.6 GHz band subject to modified Part 15 rules and indicates the potential new applications that may result. Thereafter, the paper provides a system architect's perspectives on the various issues and challenges involved in the design of link layer subsystems. Specifically, we outline current developments in UWB system design concepts that are oriented to high-speed applications and describe some of the design tradeoffs involved.