Also Question: In EA I am playing a Ranger currently. With Dex at 20, is seems like the difference in AC between medium and light armor is worse les than what I lose from losing the Dex bonus. Is this just due to current itemization options in the game, or in general is it just a bad idea to do high dex builds and medium armor?
Once your Dex exceeds the Dex cap of an armor type, it's best to go down to the next lighter category. Armor can give you penalties on some skills, so you want to wear the lightest you possibly can for Dex builds.