I've ran the dodge build before, but didn't seem like I did enough damage. Now granted I'm only on Hell, right now, so things may change again once I hit Inferno.
The only thing that bugs me with the dodge build is Dashing Strike with the dodge rune, either isn't working, or the stats page isn't correctly reflecting the increase in dodge.
I've been running the build below to farm/quest in Hell. Just bought a ton of gear focusing on items that had both Arcane/All Resists modifiers. Then just focus on skills for dps and let the resists/armor/dodge soak the damage.
One With Everything
Seize the Initiative
Fist of Thunder ( Bounding Light )
Blinding Flash ( Faith in the Light )
Breath of Heaven ( Blazing Wrath )
Serenity ( Peaceful Repose / Ascension / Tranquility )
Seven-Sided Strike ( Sustained Attack )
Mantra of Conviction ( Overawe )