I will fall on the side of the fence of those that put their faith in seasoning. I've worked some osage that was over 125 years cut, spent most of that time in a milk barn as a ceiling beam. It worked in a quantitatively different manner than 2-3 yr cut osage. The ring chasing was brilliantly easy. Early wood was crisp and flew off the drawknife, late wood was like ceramic. Ultimately, I put the stave aside because I have feared heat treating the stave to get the string to line up thru the handle. Maybe some day I will finish the project. Who knows, maybe it is past it's prime and will be insanely brittle.
Toomanyknots mentioned a few pages back about making a guitar body partially from osage. That leads my mind down dark alleys towards God-knows-what! Ultimately, as the wood aged and took on that lovely color that only osage acheives, it would make a beautifuyl instrument. But it begs the question, would he string the guitar with Dacron B-50 or FastFlite?
Oh lord, another can of worms...B50 vs FF! DON'T CROSS THE STREAMS!