I too have been playing around with mixture and have tried it on several pieces of wood laying around. So far it turns cherry into a rich dark brown, white oak almost black and walnut, well a dark piece of walnut. It will stain red oak a nice brown color as well. The solution reacts with the tannin in the wood. So far I have mixed results with maple, either soft or hard, but is interesting what you get with various woods.
I normally use this on all my leather products which does turn veg tanned leather a nice dark brown/black combination. The cherry, most of the time will turn out looking like 300 year old piece of furniture. Haven't tried it on apple yet, but will later today to see what I get. I haven't tried any neutralizing yet as I usually put the mixture on the wood and leave overnight. Then I use a moistened cloth to wipe up any lingering residue and let dry again. So far, any sanding leaves the stain still in the wood as opposed to 'on the wood'.
Just my observations so far.
Gary