Recent developments in Multiple-Input-Multiple-Output (MIMO) technology include packing a large number of antenna elements in a compact array to access the bandwidth benefits provided by higher mutual coupling (MC). The resulting super-wideband (SW) systems require a circuit-theoretic framework to handle the MC and channel models which span extremely large bands. Hence, in this paper, we make two key contributions. First, we develop a physically-consistent Rician channel model for use with SW systems. Secondly, we express the circuit-theoretic models in terms of a standard MIMO model, so that insights into the effects of antenna layouts, MC, and bandwidth can be made using standard communication theory. For example, we show the bandwidth widening resulting from the new channel model. In addition, we show that MC distorts line-of-sight paths which has beamforming implications. We also highlight the interaction between spatial correlation and MC and show that tight coupling reduces spatial correlations at low frequencies.