UPDATE: It's not a scam.
I'm an idiot.
...
I received the following email today:
Notice it's from "PayPal", in quotation marks.
What almost tricked me was that they had my real first and last name in the letter, which I have blacked out.
Don't be tricked by their sneakiness!
Don’t think it’s a scam. Everyone got this email.
It’s just letting you know about the notice, not asking you to sign in or anything.
In fact says to call the legit Paypal number if you have an error question or complain
as described by and covered in this “error notice”.
In order to be a scam they would need to get you to login on a fake page.
Short of doing that, there is no scam, just a notice.
Oops.
You're right!
I just tried to follow every link and none of them led anywhere nefarious.
It's the first time I've gotten an email from "PayPal". 
Just imagine how many calls they get everytime they send out a notice! 
“Hey paypal, I noticed that I got a notice claiming to be from paypal, is it really you?”
One can never be too careful these days!
I sent mine to spoof. And got the normal automated reply
Thanks for letting us know about the suspicious email you received.
We'll investigate it, and may contact you with additional details. If
you haven't done so already, delete the email from your inbox. If you
clicked on any links or downloaded any attachments within the suspicious
email or website, log into your PayPal account and view your account
activity. If you see any unauthorized transactions, go to the
Resolution Center to report it. It's also a good idea to change your
password.
Additional Information & Help
Learn more about fake emails and spoof by visiting our Help Center.
Click Help & Contact on any page and then search for "fake emails" and
"spoof". You can also find help on changing your password and viewing
your account activity in the Help Center.
Thanks for being a PayPal customer,
PayPal Security
***********************************************************************
Please do not reply to this email. If you need to contact us, please
click Help & Contact at the bottom of any PayPal page.
***********************************************************************
You sent the email to the correct department, and received an unsatisfactory answer.
I posted it on BLF and found out exactly what I wanted to know. 
I feel better now.
Just don’t ever sign into your email
EDIT
LOL 