It's used really nicely in Eternal Sunshine of the Spotless Mind (Beck covering it). I agree we don't particularly need more versions though, not unless they did something radically original with it.
X-Factor-ing it up would be awful!

**edit**
Just found it. Not sure it quite works, but there is some nice electro stuff in there. Just doesn't quite gel with the piano sound and the vocal-effect for me, if anything it needs more vocal effects to match the music.

Whatever you think of the Red Hot Chili Peppers, it can't be denied that the Appletons & Co butchered that song. Pop fact: Richard Hawley played guitar on it.

and I didn't skip it. I like it. I don't know why. The melody isn't spectacular, and the lyrics aren't exactly mind-blowing either.

But it's got a nice 'feel' or sound. The vocals on it sound kinda reflective and the instrumentation is rather muted. In other words, you don't have a sparkly, shiny, eighties kind of synthesiser thing chugging out the chords, but rather something more muted, which adds to the desired effect.

I have to have that. Not because it's good or bad but I collect versions of that song. One of the Corr clan covered it recently. It even went to number one when covered by Marc et Claude and the song's writer appeared alongside them on TOTP to sing the words "I need your loving like the sunshine".

If you want to see the original writer of the song performing it on stage these days you have to go watch Stackridge. The Korgis are back where they belong again.