Hi SSV.. Thank you all for your suggestions and great input. I haven't quite made up my mind yet as to whether or not do plywood or hardwood.. But in the meantime, I did take Paul (aka Scrappile) up on his suggestion to check out "mainehardwood" over at Ebay.. (Thanks Paul..)
Although I"m not sure if I'll use it with this project or not, I did just place an order for 16 pieces (10 cherry, 6 red oak) of 1/4" x 5" x 24" for less than $70. with free shipping (16 pieces in a bundle, you can mix and match between 4 types of wood to make up the 16) . If my math is correct, that's less than $ 4.50 a board. The few times I did order wood online, I ordered from "scrolleronline.com" and for 1 piece of cherry, 1/4" x 8" x 24", it was $ 15.49 plus shipping. That's the price of 4 boards from the merchant on Ebay..
And if I don't use it for this specific project, at least I can stock up on some wood !! So I sure learned alot from this post including how to save $$ on wood
Whatever I decide to do, I'll be sure to post the final piece here on SSV.. This Village is awesome