In my opinion, the "answer" to this show can be one of a few things:
1. Everyone is in purgatory, or some form of hell (i.e. and insane asylum, the matrix, etc)
2. The plane crash was engineered by Dharma, and everything happening in the show is a clever manipulation of events
3. There is some underlying concept of time travel at work
4. While the characters may not be in purgatory, there may be some supernatural force that's causing "things" to happen
Of course, there are more than 4 different theories out there, but most of the theories are a variation (or combination) of 1-4 in the list. I don't believe the writers of the show would choose #1 or #4, because so many viewers have a vested interest in the story line. Concluding the series with #1 or #4 would mean that only one single answer is required to explain almost every question in the show.
Unfortunately, I think things in the show have gotten past the point where we can assume that #2 is the answer. Namely, because of the whole "Jacob" incident. I just can't imagine how that scene could've played out if there is some fancy engineering at work to cause "the voice" to only be heard by Locke.
So, this leaves us with theory #3. While time travel is very far fetched in terms of reality, I believe it provides enough information to fill out the remaining 3 seasons with content to keep us interested and asking questions.
So... onto my theory:
My theory suggests that the Dharma Iniative has created a time machine that started back in the 70's. Unfortunately, this time machine is only powerful enough to operate for 108 minutes. Also, being that the time machine uses the unique magnetic properties of the island, it can only function on the island.
Seeing that the time machine only has limited use, the greedy Others decide to kill off the Dharma scientists and take control over the time machine for their own personal gain. They see that the time machine could have a use other than just allowing people to travel 108 minutes back in time, so they decide to rig up a system where certain lab-rats "reset" the time machine every 108 minutes, thus suspending the island in a specific time. With that, the others assume they can technically live forever, as suspending time will keep people from aging on the island. The only thing on the island left for research would be finding ways to procreate in this type of environment. The question in Ben's mind is if time is suspended, and babies need to age to physically exit the womb, how is procreation actually possible? Enter Juliet.
The last piece of the puzzle would be: if the Dharma people want the timeline to be restored on the island, they would need to find a way to enter this time loop on the island and destroy/stop the time machine (button pressing). Therefore, a bunch of disgruntled Dharma employees off the island decide to engineer a plane crash which will send the victims of the plane crash back to the island to ultimately break the others free of their time loop. Before just sending any random group of people back in time to the island, Dharma will need to influence the lives of these victims such that they can each play a unique role in bringing down the others.
And, there we have the theme of LOST.
Here's a timeline to help illustrate my theory: