No, you're NOT going to "be good to go" by "splash(ing) a couple of coats of poly on it" and end up with a result that is acceptable for anything other than a tree fort. This would be totally unacceptable to what the author of this thread is looking to do which is for ideas for a KITCHEN FLOOR (talk about the highest traffic area in any house other than a tree fort) in an old house.
If you want to "do it on the cheap" you could put down carpeting too like George suggested or hell, just leave 3/4" CDX sub floor!

Both of those alternatives are better than just gluing down pennies and splashing a couple of coat of MinWax on it.
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