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Fully-depleted (FD) tri-gate CMOS transistors with 60 nm physical gate lengths on SOI substrates have been fabricated. These devices consist of a top and two side gates on an insulating layer. The transistors show near-ideal subthreshold gradient and excellent DIBL behavior, and have drive current characteristics greater than any non-planar devices reported so far, for correctly-targeted threshold voltages. The tri-gate devices also demonstrate full depletion at silicon body dimensions approximately 1.5 - 2 times greater than either single gate SOI or non-planar double-gate SOI for similar gate lengths, indicating that these devices are easier to fabricate using the conventional fabrication tools. Comparing tri-gate transistors to conventional bulk CMOS device at the same technology node, these non-planar devices are found to be competitive with similarly-sized bulk CMOS transistors. Furthermore, three-dimensional (3-D) simulations of tri-gate transistors with transistor gate lengths down to 30 nm show that the 30 nm tri-gate device remains fully depleted, with near-ideal subthreshold swing and excellent short channel characteristics, suggesting that the tri-gate transistor could pose a viable alternative to bulk transistors in the near future.