What can I make out of this?

[GlisGlis]

I do have an 8' steambox, so I could steam the whole thing at once.

As Simson said-
chase that ring. get to near finished dimensions and try to straighten it
I've never used osage and that's what i'd do if I can put my hands on it

[hoppy]

Nice job on that buck!  Thanks osage outlaw for posting that.  That is encouragement right there. 

Morgan, Bj, GlisGlis, thanks for the additional encouragement. 

I really like the bow in the following post and would be hoping for something similar in profile.  With a little longer draw and not as heavy.  A fellow named Jbell made it about 10 years ago.

http://www.primitivearcher.com/smf/index.php?topic=9889.0

[Marc St Louis]

I wouldn't throw that out either.  Looks like a lot of work but I'm sure a hunting weight bow can be made out of that piece of wood

[JohnL]

Those dark spots in the rings of the end grain look like bug bites to me.  I'd do a little investigative digging, before I put too much work into that stave.