Developed within RD51 Collaboration for the Development of Micro-Pattern Gas Detectors Technologies, the Scalable Readout System (SRS) is intended as a general purpose multichannel readout solution for a wide range of detector types and detector complexities. The scalable architecture, achieved using multi-Gbps point-to-point links with no buses involved, allows the user to tailor the system size to his needs. The modular topology enables the integration of different front-end ASICs, giving the user the possibility to use the most appropriate front-end for his purpose or to build a heterogeneous experimental apparatus which integrates different front-ends into the same DAQ system. Current applications include LHC upgrade activities, geophysics or homeland security applications as well as detector R&D. The system architecture, development and running experience will be presented, together with future prospects, ATCA implementation options and application possibilities.