If you want rounded edges on the front baffle of the speaker cabinets, I wouldn't try bending veneer around the rounded MDF edge. It can crack the veneer, especially if a ½" round over is used. I've seen it done with ¾" round overs, but I've never tried it. And besides, you'll probably want that MDF that already comes veneered in cherry.
Instead, glue hard wood strips, roughly 1"×¾", to the sides and top edges of your cherry veneered MDF. There is no need to do this for the bottom edge (see the illustration below). Next, trim the hard wood flush to the veneered surface of the MDF, and round the outer edges with a ¾" round over router bit. Rounding over hard wood will work better than on MDF. You want the final size of the front baffle to be 9×44½", including the hard wood edges, so start with a smaller MDF panel.
Here are some Salk cabinets with hard wood edges on the front baffle. The veneer is light maple veneer and darker (dyed maple?) hardwood strips on the top & sides of the front baffle. For cherry veneer, you can use solid cherry strips, or any other contrasting wood you want.
I linked a video that shows a useful general method for this. It doesn't show exactly the details I described for speaker cabinet panels, but I think it helps.