Alright, I guess I've got my work cut out for me. Thanks for the advice.
And whofan, that was the result of me trying to enlarge the tuner hole with a drill that was MUCH too powerful for the job. I know what to do now though: use a less powerful drill, start from the top, not the bottom, and clamp the headstock to another piece of wood so the bit goes through both pieces. Then, if anything splinters, it will be the other piece.
Adding a veneer is seeming quite appealing right now. If I were to do that, do you guys think I should use another piece of rosewood or should I use flame maple and finish it to match the body?