Living in Colorado where there is no osage, I've been building white wood (elm, oak, ash, hickory) bows for years. This last year I finally got my hands on a big osage stave and built 4 bows from it.
My conclusion: Osage was created by God for bows.
It is durable, hard, beautiful, and doesn't easily take a set.
As for noise? Mark is right; that is about design and tuning.
CJ