not quite right. N and AC and eventually AD use MIMO which is physically separate transmitters and receivers, i.e. multiple channels.
MIMO doesn't quite get N x (transmitters/receivers) of performance, but it comes pretty close.
AC simply provides for even wider channels than N, i.e. 80 and even 160 MHz channels, but still uses MIMO. It also has a crap load of protocol stuff in it too.
_theoretically_ having multiple receivers would give you a distinct improvement in performance through receiver diversity, but I doubt anybody implements that option.
This all assumes that your client has good radios AND good baseband peformance.
The DSP involved in MIMO is non-trivial and it's very easy to get very sucky performance with a bad implementation. and what do you think is going to happen if somebody f*cks up their baseband ? that's right they're going to try and sell out all of those chips - how the heck are you supposed to know that it's got shitty rate adaptation ? all you see is a cheap client.
the important point is that clients are cheap, and they perform that way.
so in most cases, for home use, you really don't want anything more than a/b/g. if you are doing large file transfers certainly it would be nice to have the higher data rates, but for multimedia streaming over your limited DSL connection there's no point.