I am no interior expert either, but i read somewhere it will help a lot if you drill some (1 or 2) quarter sized holes in the base of the seats so water has somewhere to drain so its just not soaking the wood. Of course, coat the walls of the hole as well. Even though you are coating the hell out of it, the wood will still flex and crack over the years and water will seep into the wood and rot it again. It's just an idea, I dont think a couple of holes could hurt.
It looks like you have cut most of your wood so far and i know this would be a bad time to start over, but if you had the time and money and wanted to REALLY do it right....use some treated marine wood. The stuff isnt cheap, it runs $90 for a 4'x8'x3/4" piece. That would really prolong the life of your seats.