I thought this was an interesting paper as it argues that while some type of non-locality is likely a necessary feature of QM, it might not necessitate action-at-a-distance (even within an ontological interpretation). The basic argument appears to rest on a some distinction between locality versus local causality:
Lessons of Bell's Theorem: Nonlocality, yes; Action at a distance, notOne way to violate the Bell locality condition-and this is the way that any deterministic theory must do it-is via straightforward action at a distance. However, we should also consider the possibility of a stochastic theory with probabilistic laws that involve irreducible correlations. The sort of non-locality inherent in such a theory involves relations between events that are significantly different from causal relations as usually conceived. Perhaps surprisingly, such a theory, unlike its deterministic cousins, need not invoke a distinguished relation of distant simultaneity.