We have some equipment in the lab that'll run OC192 (not externally though), and the extra bandwidth of DWDM wouldn't help you. Basically DWDM is multiplexing a group of signals (like 1 Gig each), where each signal gets transmitted over a "color," called a "Lambda."
It's kind of like cable TV, there are a bunch of channels/frequencies (colors/lambda) on the same media, the magic is combining the signals such that they can be split out at the other end.
So DWDM is really umpty-squat channels, each transmitting a fixed bandwidth, the stuff we have (Nortel Optera Metros)will do up to OC48 per channel (but we only use it at one gig each). We demo'd it at Interop with three Lambda active, two Gig Ethernet, and one ATM OC12.
It's really just a (cool) dumb pipe, layer one.....a bandwidth multiplier to get multiple ten pound packages of sh*t through the same one pound pipe. It's one of the technologies that allow the Telcos to give you dialtone or bandwidth cheaper than in the "good Old Days."
Some other pretty slick stuff for the folks with big campuses: check out Ocular.com. It's WDM/DWDM stuff..." Cheap"
FWIW
Scott