I go to OSU for undergrad and I'm applying here for Law School. The campus area isn't fantastic. It's very urban and there are definately parts where you don't want to live (East of High south of about Chittenden). However there is a ton of stuff to do. Its a huge school. The area next to the law school is being completely rebuilt and that's where the apartments are going to be. From what I've heard they are going to be a little small, but pretty nice. They haven't filled up all the retail space down there, but there is definately new B&N bookstore, movie theatre and a few restarutants going in right now.
If you have any other questions let me know.