This paper describes a continuously variable and independently addressable channelized dispersion compensator. The optical system is a free-space grating-based system used in a four-pass configuration to ensure flat passbands. The variable dispersion is produced by an array of thermally adaptable curvature micromechanical mirrors. A per-channel variable dispersion greater than +/-400 ps/nm has been demonstrated, with 58 GHz +/-0.4 dB flat passband on 85 GHz spacing. The group delay ripple is less than 7 ps and the penalty with 40 Gb/s CSRZ is 0.7 dB.