I'm glad it's not just me. I don't typically care too much about fashion, but dang that thing is ridiculous. It does look like a weirdly overcomplicated metal baseball cap. It's not that important to me, but I did wonder what look they were going for?
I suspect that all the different character sizes and shapes make some items difficult, and they have designed things to flex around problems linking up to the different PC models.
Headwear must be very challenging. Apart from circlets, all of the headwear has shown to have glitchiness or sizing problems in different patches. The Haste Helm has this crazy feather crest on it which is glitched right now, but not on all characters. Shadowheart wears it just fine, but on a male elf or human characters, the plumage detaches and hovers separately with a mind of its own.
