Indeed. LTE can be deployed with as little as 1.25 MHz of spectrum. Even theoretical best case in that situation is 6.25 mbps which wouldn't often be seen in real life. Just because it's a next generation technology doesn't mean it'll always be faster than current generation technology and if you had a theoretical deployment of LTE in 1.25 MHz in the US it'd be beaten by just about all 3G systems out there.
On the other end of the spectrum (heh heh), Clear has been demonstrating LTE in 20+20 FDD mode in the 2.5 GHz bands and observed 90 mbps with about 100 mbps as the maximum theoretical performance. I believe they're also testing LTE in 20 MHz TDD mode as well - there is a lot of speculation that in the future they'll offer four types of wireless: 20+20 FDD LTE, 20 TDD LTE, 20 TDD WiMax 2 and 10 TDD WiMax.
YouTube - Clearwire 4G LTE Trial Results <== clearwire LTE trials on 20+20 MHz FDD configuration.