Hi Ancalagon,
I applied to the following groups:
Physical Language Workshop
Sociable Media
Lifelong Kindergaten
To tell the truth, I'm not very optimistic about MIT, even though it clearly is the dream option. Apparently just a few students are accepted each year. Regarding the 5-year course, it seems reasonable to think it is equivalent to a masters degree but there is no official statement about this and thus I have to consider my degree as a BS. At least that's what they told me. What groups are you applying to?
Mortimer