Demo starts at 0:55..A Ukrainian student team has developed a system that uses smart gloves to translate sign language into speech. Their idea, called Enable Talk, earned them a spot in the finals at Microsoft's Imagine Cup in Sydney.

More info here:
http://www.theatlantic.com/technology/archive/2012/07/the-motion-sensing-gloves-that-will-translate-sign-language-into-spoken-words/259693/