Well not surprisingly, US District Court Judge Nathaniel M. Gorton has rejected Bart Steele's copyright claim.
As for claims that the two songs were lyrically similar, Gorton said that there were over 100 songs in an online database that use the phrase “I Love This…”
“The phrases ‘come on’ and ‘here we go’ are likewise too trite and common to warrant protection,” said Gorton.
“Another purported similarity, the fact that both songs rhyme ‘round’ with ‘town,’ is also commonplace as evinced by the fact that it is found in the popular children’s song ‘The Wheels on the Bus.’”
You can read a PDF of the full decision at Massachusetts Lawyers Weekly's blog, The Docket.