That sounds interesting. This is the first time I've ever heard of this, so the concept sounds intriguing. Given I'm hearing, I don't know how the deaf community feels about it, but the concept seems more skewed towards the benefit of hearing people. Maybe, if you could figure out a way to also make a program of sorts that could help deaf people "hear" [or, rather see] what hearing people are saying without a translator, that would be awesome.
How about the concept of an app or website that is paired with the gloves that can also translate speaking to sign. I know sign is a very intricate language, so it'd really take some thinking about, but if you added the double benefit I think your idea could really take off!
