ripper, don't get too overzealous with the oil.
A few thin coats is better than one THICK coat. Its damn satisfying to see the wood soaking up ALL the oil... but really... one thin coat first. Let it dry, polymerize. Light sanding then apply some more.
Apply just nice to beautify and know when to stop. You don't want too much oil inside the wood and it'll take ages for it to degas. And I HEARD that too much oil soaked inside the wood will deaden the sound.
Damn... just realised I was using too much plastic processing terms.
Polymerize = Hardens
Degas = Volatile chemicals from the oil exiting the body. (SMELL!)