I think it's just the option to hide your own name that appears directly over your own head (just like in FF11).
I mean, you obviously know who your own character is, so having that name float above your own head is a little redundant.
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No, I alway proud about my own name
...........but............but..........
Then how will all the RMT's remember who they are? D:
"wait..........was it Rhdkldkhdk? Or Rdkdkdjkdj?"
But seriously: A toggle option would be nice :)
If you want your hp bar hidden, then just turn it off?
I think its just hiding your own name that displays over your character's head from personal view.
Basically from this:
http://k.min.us/ilgAZQ.jpg
To this:
http://k.min.us/illbU4.jpg
It doesnt really bother me, but I guess thats what they mean.
Having your own overhead name as a toggle option would be best. There are times that it's annoying (e.g. running up or downhill) and there are times when it is useful (e.g. taking screenshots and video of NM fights). So I would not suggest outright elimination.