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Rosedale is one of the nicer areas of Bakersfield, keep in mind that the city of Bakersfield covers over 100sq miles. Rosedale is about as Orange County as you are going to find on Bakersfield. There is a large shopping area on Rosedale highway. Biggest downer to Rosedale is the fact that there are limited Roads out of Rosedale to the rest of Bakersfield, causing some rush hour traffic, though its no LA. Housing prices are dropping like crazy all over Bakersfield. I recently saw a 2004 home in rosedale that sold for 350K in 07, selling for 179K last month.
Keep in mind that even with the size and population of Bakersfield, it does not feel like a large city! Bakersfield feels much much more like 3 or 4 small cities that have grown together! There is a city center in Rosedale, The north east, Central Bakersfield, and varing places in the Southwest. Hope that helps.
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