Thanks everybody .
Getting a "nice" from the wood guru himself... *falls out of chair*
It was sealed in Tung Oil, sat for 24 hours, then applied a 3-step polish and buff. I'm not quite sure what the first two steps are, since my grandfather provided the kit, but the third is the actual wax polish that coats the wood.
You think there's too much gloss? It seems that the more gloss you use the more "wow" factor it has. I am, however, a bit old fashioned in my preference for wood and I'd rather use too little gloss than too much. Anything to help keep the original nature of the wood.