The definitive licences can be found on the OSI site (http://ideas.opensource.org/). I'd look at the FAQ there to see if there are answers to dual licence problems (http://ideas.opensource.org/wiki/help).
The MIT licence is "permissive" meaning roughly that the authors insist on very little other than acknowledgement. The GPL is "copyleft" which places responsibilities on you to distribute your modifications under the same licence. MIT and GPL have different philosophies.
Wikipedia addresses dual licences. The article should be read in full but an excerpt:
Since in most cases, only the
copyright holder can change the
licensing terms of a software, multi
licensing is mostly used by companies
that wholly own the software which
they are licensing. Confusion may
arise when a person outside the
company creates additional source
code, using the less restrictive
license. Because the company with the
official code is not the copyright
holder of the additional code, they
may not legally include this new work
in their more restrictively licensed
version. Companies may demand outside
developers agree to a contributor
license agreement, before accepting
their work in the official codebase
and source code repositories.[3]
Multi licensing is used by the
copyright holders of some free
software packages advertising their
willingness to distribute using both a
copyleft free software license and a
non-free software license. The latter
license typically offers users the
software as proprietary software or
offers third parties the source code
without copyleft provisions. Copyright
holders are exercising the monopoly
they're provided under copyright in
this scenario, but also use multi
licensing to discriminate the rights
and freedoms different recipients
receive.
Such licensing allows the holder to
offer customizations and early
releases, generate other derivative
works or grant rights to third parties
to redistribute proprietary versions
all while offering everyone a free
version of the software. Sharing the
package as copyleft free software can
benefit the copyright holder by
receiving contributions from users and
hackers of the free software
community. These contributions can be
the support of a dedicated user
community, word of mouth marketing or
modifications that are made available
as stipulated by a copyleft license.
However, a copyright holder's
commitment to elude copyleft
provisions and advertise proprietary
redistributions risks losing
confidence and support from free
software users.