Hello Greg
Many years ago, we had a customer who had nearly the entire house outfitted with something custom-built from cherry: kitchen cabinets, built-in bookcases, a Murphy bed, a credenza, and so forth. A friend who was a cabinetmaker built everything and we installed it. So, I got a good look at cherry after working with a zillion board feet of the stuff. [big grin] What you have looks typical and as Harvey noted, it will look even better as you work with it and then apply the finish.
The job I just described is also where I learned how cherry ages with time and the colors darken and become more beautiful.