I have been using a fair bit of air-dried plain cherry lately for both tool and knife handles. It's a joy to work with sharp tools and, being a closed-grain wood, it takes detail well and finishes out easily.
I finish to suit the intended use, but this often ends up being a variation of multiple coats of oil on scraped or progressively sanded material over a period of weeks or months. Watco's Danish oil or Tru-oil used as lube during sanding through 1500X can give a nice luster without being shiny or plastic looking. Use a hard backing on the papers, rub it down real well when it tacks up and take the time to let it cure well between apps will help get you there. Beware it will darken significantly with any type of oil finish and exposure.
Sure you've heard the old saying; oil once a day for a week, once a week for a month and once a month for a year. Whoever came up with that knew what they were talking about (they just didn't say how important it is to rub it down real well after each application).
If your stuff is stabilized - ignore the above all together. Good luck. awl