I received this via email today:

This is to notify you that we have removed access to your video, All Along The Watchtower (Acoustic Cover), as a result of a notification by Sony Music Entertainment claiming that this material is infringing.

Please Note: Accounts determined to be repeat infringers may be terminated. To avoid this, please delete any videos to which you do not own the rights, and refrain from uploading infringing videos.

For more information, please visit our Copyright Tips guide.

If you believe this claim was made in error, or that you are otherwise authorized to use the content at issue, you may file a counter notice.

Be aware that there may be adverse legal consequences in your country if you make a false or bad faith allegation of copyright infringement by using this process.

Sincerely,

- The YouTube Team

Okay then.  I'd say 90% of my videos are cover songs... and further, that particular video wasn't that great in terms of production quality.  It was recorded the same as this one, and the few others that are on my YouTube page. (I'm moving to an Acoustic Remix YouTube page soon...).

Now... I understand that I am not the "owner" of the song... but go to YouTube, and search "All Along the Watchtower" and "acoustic cover" and see what comes up...

If we were on a mission to find all these musicians covering songs, it's pretty easy.  Just do a search of a song followed by "acoustic cover" or "cover" and spend your days sending people notices.  I know YouTube is just following orders from Sony... but what gives?