Listen to this wonderful singer/songwriter and her version of "famous blue raincoat" from her new album "Songs III: Bird On The Water" here: http://hypem.com/track/251545
I like it . Fresh, distinctive folk sound tho' so overdubbed she sounds like the Roches. She missed a few lines, or purposely omitted them. I won a copy of one of her CDs from the WFMU marathon and hope it's this one.
I actually think it's one of the best cohen-covers I have ever heard
I usually don't think that anyone besides the man himself can pull it of, but Marissa Nadler does exactly this.