You'll notice a new NPC in the start area called The Helm Guy.
Speaking to him will allow you to transfer the stats on your equipped helmet to your gloves, thus if you want to run around without a helmet on and still gain the normal stat benefits, you can now do that! There are some restrictions, though.
1. Stats do not stack. If the helm and gloves have the same stat, you won't get the benefit of the two added together, rather the highest benefit of the two.
2. AC bonuses do not transfer. Sorry.
3. You can't equip any helm with stats while gloves that have had helm stats transferred to them are equipped. You can still equip a helm with no stats for cosmetic reasons if you'd like.
4. The value of the items will be combined, which may increase the level or UMD requirements to equip it.
5. The gloves become plot and cannot be sold.
6. Any stats which cannot be applied to gloves won't transfer. I can't think of any stats on helms that won't go on gloves, though.
The module will store in a database your last and only last transfer, allowing you to reverse that transfer if you change your mind. This is more to allow you to undo a mistake than provide a way to switch back and forth.
Any feedback/bugs should be reported here.