Hey Rick,
Seeing a lawyer about this kind of thing is always a good idea. I'm not asking for legal advice, merely about the intent of the licence. I should mention that I don't live in the US, and naturally laws differ.
My understanding is that the MIT license has "No limits on rights to use, copy, modify, merge, publish, distribute, sublicense, and / or sell copies of the software". I was hoping to get some confirmation of this from the people who are, by default, the copyright owners of the software.
Do you allow for derived commercial versions to be made, or not?