I've used cherry in glass bows as well as backed them with hickory. I love that stuff... works easily and doesn't load up or dull tools, not oily and glues up and finishes readily, very pretty flat grain under clear glass(sometimes looks a lot like yew), diffuse porous rings with moderately closed grain, readily available. No problem with weight, it holds it's own. The last cherry glass bow I made was 70# @ 28", as predicted.
In selfbows or backed all-wooden bows, it's barely acceptable in my opinion. The good thing about THAT is, it will force you to refine your design and tillering skills.
I haven't done it yet, but I'm guessing it would be the perfect wood to put between boo and osage in a tri-lam.