There should be some compilation album of artists doing Bruce Springsteen covers. That would be a great album.
One other great Springsteen cover is the Pointer Sisters' "Fire".
I also like Rod Stewarts version of CCR's "Have You Ever Seen Rain"
And I always liked Garth Brooks cover of Billy Joel's "Shameless".
John Mellencamp's redo of Van Morrison's "Wild Night" was also sensational.
One recent cover that got on my nerves was Sheryl Crowes cover of the Cat Stevens song "The First Cut is the Deepest"
She arranged it and sang it exactly like the Rod Stewart cover. To me if you're not going to bring something new to the table, don't waste people's time with stupid, pointless covers.
I heard Jewel sing a great cover of Lynyrd Skynyrd's "Sweet Home Alabama" once. She knocked that one out of the park.
Katie Melua also did a great cover of The Cure's "Just Like Heaven".