@MythToken: I honestly didn't start this thread to change the tanking paradigm, but to get accurate Parry information dissected.

1) Is there a diminishing return? (Example: Up to 550 it's 0.18% per point, and after it's 0.04% per point)
2) Can you ONLY parry X many times per minute? (PPM in other games)
3) Is there a Soft Cap on Parry chance? (After X parry Rating, all else is in excess entirely)
4) Is the weight per point heavy enough to go all in for? (Are the gains from parry strong enough to overshadow every other stat the way we think of it now?)

Ultimately, I would love to have all of those questions answered, so that we may all make highly informed choices when gearing up.