Just cast Deliriously Nimble on my Shaman to test it out.
Without the buff I have 90 AGI and 1204 AC.
With the buff I have 142 AGI and 1217 AC.
So it is basically 4 AGI per 1 AC once you are above 75 AGI. At least on a Priest, not sure if the formula changes for Tanks, or if it is affected by the softcap. Not great to be honest, but again it is a nice bonus stat if you happen to get it on an item with other good stats. It never hurts to get a bit of extra AC. Something like a 6+ Neck or Hierophant Cloak would be giving you at least 1 bonus AC with the AGI it has, for example.
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