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Although I'm not terribly thrilled by the idea, there has been discussion about blocking all other users of the account manager (rpc clients in particular) and let the handshake finish before general wallet use is allowed.
All of the locking around then AccountManager and each Account structure needs to be rethought. I've currently reorganizing the codebase to rip out the AccountManager (this will be unnecessary with BIP0032 keystores, see #93). In the process, I have made the keystore package safe for concurrent access, and plan on doing the same for txstore next. The DiskManager will also be removed in favor of a dirty flag on the keystore and txstore, and file write operations will be handled inside of those packages rather than outside in main.
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