Absolutely - it's a great track and I thoroughly enjoyed Springsteen's version of it; but that's all it is - a version. It's not trad and it's designed to keep The Boss's fans happy. I'm happy to hear it but of course I'd love to hear more trad renditions too. My own version is probably more along the original lines but that's only because I'm one man with a guitar and an audience joining in but everything's valid and Springsteen never claims to have re-invented the wheel.
Dave