We use the OraDirect driver from Devart. It includes ADO.NET Entity framework support. You can download a trial version here. You may then use LINQ to entities or entity SQL on top of this.
The pricing of this is quite developer friendly, you pay per developer seat and you may use it however you like.
Another big advantage of this driver is that you can use it without installing an Oracle client, this is a big plus and worth the price alone.
@Greg: We evaluated the datadirect drivers as well, but the performance was poor and cost astronomical.
Edit: It seems DevArt announced a beta with LINQ support recently