Hi Jeff,
"I view matter as waves that travel as holes in the aether (versus a particle). "
As holes? I am familiar with holes (and electrons) from solid state physics and semiconductor physics. Such a hole is an absence of an electron. But now I am puzzled by your idea that matter travels as a "hole" in the aether. I believe that de Broglie waves tell us that matter (electrons, protons, etc) are groups of aether waves that move together. When a particle meets its antiparticle, that which groups the aether waves (into a particle) cancels out. The result is that the energy stored in the particle is now released as a gamma ray burst.
I am perfectly OK with the idea that a hyperspace might coexist with out space-time. I believe that someday we might figure out how to build a spaceship that can travel through hyperspace thus traveling faster than light. In my interpretation,
space-time is made of waves that obey,
[math]c = \lambda f = \frac{1}{sqrt{\epsilon_0 \mu_0}}[/math]
In contrast, hyperspace is made of waves that obey (the same equation but with c'>>c). The equation won't output.
The idea is that two universes, with different physics constants, can coexist without one universe being aware of the other. Hyperspace matter can pass right through us without our noticing it.
My point is that each universe has its own set of aether waves. Each set of aether waves has its own set of physics constants. If aether waves don't exist, then neither does the progression of time nor the existence of distance.