I think they should ATLEAST have the dodge make you invincible for the duration of the dodge. I've died so many times, in the middle of my dodge, trying to dodge into cover.
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Something to consider though! I've found some neat uses. With the Arkstrider, you can roll in and melee an enemy using the Lethal Reach perk. Super good for that. This works especially well with the exotic Stomp-EE's, because you can slide (while shooting), roll, then melee. There might even be a potential for animation canceling, which I haven't tried out yet. With the gambler's dodge & Golden Gun, you might be able to throw a knife, dodge, then throw another quickly. I think there's more to it. You can probably to a lot of technical tricks and other stuff.