That article MJR posted just about cover everything about a Myrtlewood tree.
The wood is very hard, making it a good wood for turning projects.
Most of what this wood is going to be used for is small projects like chessboards, end tables, salad forks, clocks, plaques, and jewelry boxes. This person works out of his home garage.
Myrtlewood can be very pricy, but I sell it for the cost of the log plus milling cost, which totaled $1.00 bft.
Cedarkerf: There are several shops up and down the coast that make and sell nothing but Myrtlewood crafts. You can spend hours looking around there showrooms. Some will give tours of there work shops as well.