deserializing each of the n number of streams;

buffering each deserialized stream;

generating a time wheel clock having a frequency greater than the aggregate deserialized data rate;

generating a plurality of clock signals synchronous to the time wheel clock, the plurality of signals each representing a plurality of time slots that include time slots corresponding to the n number of streams as well as a number of spare time slots;

utilizing at least one of the clock signals to multiplex the n streams over a parallel databus during the time slots corresponding to the n streams and generate a control signal that no valid data is present on the parallel databus during the spare time slots; and

processing the multiplexed n streams in a pipeline, wherein the pipeline includes a plurality of shared circuits operating at the time wheel clock frequency.