I attend OSU out of state and got my commercial, and CFI certificates here. It is very expensive (esp. out of state) since, as stated above, tuition does not cover any of your flight labs. However, the prices in comparison to just going to a local airport and renting a plane are not much different. The flight school as far as facilities and aircraft are concerned, again as stated above, are "nothing special". Pretty standard stuff. Embry Riddle is the only college I can see that has a reputation for having an Aviation program, and I think a lot of what you're buying into is the name. I looked at tons of colleges all over the country. The 152's and a few of the 172's are a little old, but you're learning how to fly, not performing Angel Flights or chartering businessmen. There's 2 new Piper Arrow's for commercial training (Avidyne glass cockpit), and they use C-310's for multi training. I will say the instructors are all very good, and with so many instructors working there, there's tons of new ways to learn something.
I chose to come here because I'm pursuing a degree in Engineering, and they have a great program here for that. Academically it's a very good university. If you're solely set on getting a degree in Aviation though, the program is pretty standard and looks a lot like the other flight programs I explored while in high school. Maybe it all comes down to football.
You do want to come somewhere that wins a national championship in the 2010 season right?