I see this as a very personal song. The "me" meaning that Jesus died for my sins ( as He did for yours ). There is an older hymn that says..."when He was on the cross, I was on His mind". This is the context in which my spirit perceives the lyrics to this song.
That's true. My issue is with the emphasis in the song being that He was thinking of "me above all." As though it were "all about me." As though I were the most important thing. I'm not.
There's a book out called "God's Passion for His Glory," a book originally written by Jonathan Edwards and re-released with note by John Piper. In it, the author shows that God is passionate "above all" about His glory. And the cross magnifies "His glory" like no other thing.
So it's not really a matter of "He was thinking about me / He wasn't thinking about me." It's about the emphasis being on "me" vs. the emphasis being on "God's glory."