Please tell me Turbine has at least acknowledged this issue.
My monk is almost level 10 now and I have not seen a single handwrap to bypass any form of damage reduction on the auction house. Golems are common enough in level 8-15 quests that I should be able to pick up a metalline or adamantine handwrap by then.
Waiting until level 16 to bypass adamantine is too late in the game. If they aren't going to make handwraps with DR bypassing more available, they should give monks the feats to bypass anything available on a weapon at a reasonable level. By reasonable, I mean at least by the level it is frequently needed in the game's content.