Recently in my ears
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So it's not quite a cover. It is, however, the most wonderful version of Old MacDonald you will ever hear (or at least it would be is the recording were better).
Songs From A Zulu Farm comes out February 1, 2011.
I'm not sure I could call what Perpetuum Jazzile does jazz, but this is a pretty nifty version of Toto's song. I especially dig the opening.
You can find Perpetuum Jazzile on Amazon.