I didn't have a power glove but I had a friend who did.
The good story isn't from that era, though, but from considerably later. I've always been good at making younger friends, and when the Wii came out a lot of them were really excited about the possibilities of accelerometer-driven gaming.
One of them made a very wide-eyed post about how incredible and revolutionary it would be to make a device that could translate your hand movements into gaming controls, maybe using some sort of glove. She was really into it. It was so sad to have to disillusion her.
I also had a friend with a powerglove, and I envied them for approximately the amount of time it took to put on the glove, load duckhunt, and press start.
There's hope! My uni has a VR lab which I was recently able to tour and the current gloves are so much closer to what we expected as kids.