A piece with that many cracks should go in the bin, when you start to hollow it I can see it blowing up with bits flying everywhere.
For other pieces it depends on the piece as to if it is worth saving, is it a special bit of wood, spectacular figure, a really nice design etc. If you decide it is worth saving there are several things you can do, if they are hairline cracks thin superglue in them should fill them. If they are a bit too big for that rubbing sawdust into them then applying superglue and leaving to dry. If they are too big for that then epoxy resin or some type of thinner.
john