Wood - What's wrong with plain old MDF?
Dangerous to cut indoors without proper ventilation (percent of air changes per hour) and dust collection. The outgassing of the chemicals in manufacturered sheet products can not only be nasty, but outright harmful. "Regular" wood can be cut indoors, and depending on the species, can make the house smell good.

Don't get me wrong, MDF is a wonderful product. For certain projects it's much more desirable to work with than wood. As long as the end user respects what he's working with, and knows how to 'work it'.
I've used both. Each has it's own advantages and disadvantages.
- MDF is more stable, and much more predictable. There are no knots, warps, weird grain patterns to match, etc... However, you don't want to breathe it. Also, the end product will need to be painted.
- "Real" wood can be processed (cut) indoors. The wife might even like the smell.

Unfortunately, unless you get the finest grade available, you'll have to take into consideration warpage, grain, knots, irregularities in color from one panel to another have to be taken into consideration, etc, etc... when you lay out the pieces...ie: Which is front, side, rear, inside, outside....accordingly depending on the cosmetics of the boards.
Bob