So that's what you call those! Yes, I've seen that, and I've done as you suggested to fix it. I'm finishing a figured black korina body, and wanting a fairly glossy finish, without the plastic-y look that of the thick poly finish that it came with; it's currently 'curing' after the last coat. Do you do the final buff with steel wool only before the Minwax? I've heard of some that use an auto polishing compound before the wax, but I'm worried that it might take too much of the finish off, getting me back to witness lines/splotches. Apologies for the hijack (detour?), but we first-time finishers need the benefits of you pros' experience. Thanks!
Funny you should mention not liking the plasticky look of poly...it was actually the first type of finish I used and eventually ditched for this very same reason. The oil/varnishes appear much warmer looking to my eyes.
With Tru-Oil I've been able to get a nice level semi-gloss using only 0000 steel wool and Minwax, assuming the coats go on nice and evenly without any runs or drips. Auto polishing compounds shouldn't take much if you are using something like Meguiars Scratch X or Fine Cut Compound - but you do need to be careful not to allow to much heat to build with your buffer or you can eat through the finish.
If your coats are truly drip free and no blotches on the body of your bass, I'd simply try to smooth out all the dust nibs using 0000 steel wool and wax, and then rub out the wax to a shine after it's had a chance to dry for 20 minutes or so. Probably the most foolproof method for a warm, blemish free finish. Keep in mind too that high gloss finishes are the trickiest to obtain, and the least forgiving, so hang in there and don't give up.
Lonnybass