ranked will work for a short time after ranking reset, where everyone is same rank again(well, anyone active...), but as it drags on... it's going to get harder and harder to match up (as people disperse into various ranks)
ranked will only truly work once they got Xserver set up, then there will be a much larger pool of player of every rank. The strict matching is supposed to be rolled out TOGETHER with the Xserver for a reason, splitting them simply don't work.