Wolverine, you don't need 20 dexterity for a ranger, but it doesn't hurt. Take the weapon finesse feat first chance you get. That way, your dexterity bonus will be used for attack rolls, and you'll have a better chance of hitting.
I wouldn't put any more points into dexterity as you level up. Work on strength or constitution, but make sure your wisdom is 15 (to get spells).
Also, keep an eye out for good padded or leather armors. With high dexterity, you can wear lighter armors, and your AC might go up. With padded armor, your dexterity bonus can be up to +8. I haven't seen any good padded armors in the game, but there are lots of nice leather armor choices.
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