Hey, I've noticed this with the four or so characters that I've created with the Dodge feat: they don't seem to get the +1 AC Dodge bonus that it says it gives.

If anyone knows why, that'd be great, because it's kind of a let down to purchase a feat that doesn't really do anything.

It doesn't give you +1 AC all the time, only when you are fighting and it doesn't show up on the character sheet.

Correct!

Watch the combat log, however, and the evidence of its working will be there.

AND it only works against your current or last opponent.