The lead singer of The Decemberists covers the lead singer of The Smiths.
Also huffduffed as…
"This song is from the massive Norwegian Prince tribute album Shockadelica that the Little Guy had pulled from the market. It’s a shame he did, because it’s full of wonderful covers like this one. It’s a very sad song. It sounds like the singer is resigned to the loss of his lover but he’s not quite over her yet." From http://coverfreak.com/2009/05/17/the-rainy-season/
The Wailing Hall covers Tim Buckley.
From Cover Me’s list of the best cover songs of 2010: http://www.covermesongs.com/the-best-cover-songs-of-2010-1
The Cocteau Twins singing Tim Buckley (as recorded under This Mortal Coil).