The neck is poly wiped and the body is spray shellacked. I love it but alas I sold it because I was in a pinch. I still have my DC127 and my custom handmade guitar by a luthier. Two guitars I won't let go ever.
That is the finish I am going for. I am afraid of using poly or similar. I have heard different things about how it changes the tone. I have heard that tung oil is good and for paint, to use a nitrocellulose paint as opposed to a poly finish unless you can keep the poly to a couple thousandths of an inch. I am not a paint expert and I want the wood grain look, so tung oil it is. I only play my guitars in the comfort of my home so I am not needing anything that will protect the wood from denting.
I like wood grain myself. That's why my Carvin kit strat has a Walnut body. The guitar was $379 basic but I had over $200 in upcharges. The pick guard was a custom job from another place and I put it together. I also had an SSS setup for it as well called the Tuxedo look.