We present a comprehensive set of measurements on the reflective PON upstream architecture conceived within the FABULOUS Project, in its 4-wavelengths configuration, showing the possibility of dramatically increasing the number of users or the bit-rate per user with respect to single-wavelength operation, demonstrating a 128 Gbps capacity up to interesting values of Optical Distribution Network losses. In addition, a comparison with the NG-PON2 standardized in G.989 at the same bit-rate is held, showing that accepting to reduce the per-wavelength bitrate of our architecture to 10 Gbps in a 4-wavelengths network can provide great power budgets. Real-time implementation of the upstream on a FGPA platform is demonstrated as well, showing little penalty with respect to off-line experiments.We also theoretically analyze possible performance improvements when higher-bandwidth modulators are used, and we discuss on the system flexibility offered by our proposal.