We study a generally covariant model in which local Lorentz invariance is b
roken by a dynamical unit timelike vector field u(a)-the "aether." Such a m
odel makes it possible to study the gravitational and cosmological conseque
nces of preferred frame effects, such as "variable speed of light" or high
frequency dispersion, while preserving a generally covariant metric theory
of gravity. In this paper we restrict attention to an action for an effecti
ve theory of the aether which involves only the antisymmetrized derivative
del ([a)u(b]). Without matter this theory is equivalent to a sector of the
Einstein-Maxwell-charged dust system. The aether has two massless transvers
e excitations, and the solutions of the model include all vacuum solutions
of general relativity (as well as other solutions). However, the aether gen
erally develops gradient singularities which signal a breakdown of this eff
ective theory. Including the symmetrized derivative in the action for the a
ether field may cure this problem.