Wild: The wearer of a suit of armor or a shield with this ability preserves his armor bonus (and any enhancement bonus) while in a wild shape. Armor and shields with this ability usually appear to be covered in leaf patterns. While the wearer is in a wild shape, the armor cannot be seen.
Let's say that my Druid has +1 Wild Hide Armor.
While in human form, obviously, I have an Armor Check Penalty of -3 and a Max Dex Bonus of +3.
And while Wild-Shaped, obviously, I retain the Armor Bonus of +5 from the armor. But while Wild-Shaped, do I keep the penalties, or are they suppressed?
I've seen a few disagreeing speculative answers on this; official references preferred.