Prashun, I think our disagreement is largely a semantic one. This isn't an easy thing to describe. Muddy probably isn't the best adjective as it implies an opaqueness. Transtint dyes, do an amazing job at remaining ultra transparent. (It's all I use, or need, at this point)
I agree the brillance of the piece changes between wet and dry (due to finish.) Changes in the actual color, and changes in hue of the color because of the finish are largely due to the nature of the finish itself. IMHO. We have to always consider that the finish acts as a filter (like they used to use on old SLR cameras) and affect the spectrum of light that is reflected back to our eyes. So yes, the final color is altered (depending on your finish it can make a BIG difference.)
As John Beaver has pointed out, yes color of the wood does have an effect (it's part of the fun) Certain colors don't work well with other colors, and it is a dance that we play as the artist as to how we exploit that. But color isn't hue, and the terms aren't interchangeable. Each plays a significant role in the visual effect generated. I'm mearly stating that in Art and painting (which are both things we are doing here) that color plays a secondary role to hue. Our brains like to play visual tricks on us, it automatically color corrects for what it "knows" is right.
These are not easy concepts to convey. Especially since our brain likes to "fix" things unknowing to us. Young painters struggle with Color theory for this very reason, there almost needs to be a suspension of disbelief when learning color, you have to trust the physics of color and disregard everything our brains tell us. Even though some of it seems completely contrary to what our brain tells us. Hence why the process can only be exploited via experience.
I need to go finish my homework, so I can start a thread explaining my current situation/work etc, this works better with examples. Unfortunately my posting will come at a personal cost to me (the extent of which I cannot gauge until I do post, I've been very hesitant to do so for this very reason)
I like that this discussion is here, it's an important subject. Color is a very personal thing and should be treated as such. It's been a stimulating conversation so far!
“I am enough of an artist to draw freely upon my imagination. Imagination is more important than knowledge. Knowledge is limited. Imagination encircles the world.” ~ Albert Einstein