Yes. It is a good song.
I really feel that Iggy should do more of this sort of quirky stuff, as his voice is so suited to it.
If you like this, then you should hunt down the couple of songs Iggy did with Les Rita Mitsouko around the same time - "My Love Is Bad" and "Les Amants"
Sadly LRM's Fred Chichin died from cancer late last year but Catherine Ringer has vowed to continue with the group.