Stumbled across this on YouTube yesterday while researching that song from Streets of Fire. I had no idea Hall and Oates had ever covered it, let alone covered it so beautifully. And apparently Dan Hartman originally wrote it with them in mind.
BTW, there was a major anti-Hall and Oates piece -- at Salon, I think -- online the other week; apparently the present-day hepster concensus is that the duo was not just the worst remaining artifact of the 80s but actually worse than Hitler. I gotta say -- I don't get it.