I'm amazed at zepher's tenacity in fighting for AWT. It takes courage. Zepher's website is very insightful and filled with great information and animated graphics. One of these days, the fused electromagnetic energy of the scientific community may start "lighting up."
The following is his own description of the theory..
The main idea of AWT is, the whole Universe behaves as a dense massive stuff, similar to the condensing supercritical vapor, where the observable artifacts are formed by density fluctuations of Aether particles. The chaotic environement doesn't interact at the distance, so it's invisible for us. You can think, the observable Universe is formed by dense interior of giant collapsed star, similar to black hole. Such environment is so dense, so that even the smallest density fluctuation of it is behaving like elementary particles with gravitating effects. Formally the Aether of AWT is defined as an inertial environment with infinite mass and energy density. No other assumptions are given, all the consequences should follow from this introductional postulate.
The main asset of AWT at this moment is, it simplifies the qualitative understanding of most of formal aspects of contemporary physics, the relativity, quantum mechanics and cosmology in particular, and of related phenomena. It brings a many new insights into them, though, and it's reconciling the modern physics with classical Newtonian mechanics, well - at least conceptually.
The realm of AWT is not limited just to the area of physics. It's in fact the comprehensive theory of both matter, both biological and social evolution, as we can demonstrate later occasionally.