I'm going with a staining regime that I've done before with great success on the two most recent big projects. Walnut wood stained with two coats of cherry danish oil (watco) and then finished with two to three coats of a tinted mohagany wax.
Here are some pictures right after the danish oil is applied. It looks gorgeous when wet. The tone get flatter and less rich when it dries but the wax brings that back for the most part.