Fishing in the Bend area is great. I think about the only places comparable are Western Montana and the Yellowstone area. The variety is incredible with lakes, rivers, and spring creeks all available with good public access.
What we have that Montana doesn't have is steelheead. Not right in town but about an hour downstream on the Deschutes. Also the John Day has steelhead in winter and bass in summer.
Hunting is decent but crowded. Getting a deer tag for one of the local units can be a challenge, but if you don't draw you can get an OTC tag for Blacktail on the west slope of the Cascades. Same with elk.
There are a few quail and chukar around on public land in Central Oregon as well as some pay to play pheasant hunting, but the best bird hunting in Oregon is the chukar hunting further east, 3 to 6 hours east of Bend.
Hope that helps.