there could be a double reference to the network in the keychain, here is what I did,
open keychain utility , delete anything to do with the network name, turn airport off, go to library/ preferences, system config and clean everything inside. restart. go to network/airport/advanced/airport, delete any old references from the list. turn airport on and it should see both networks if you are close enough to the router. select the 5 Ghz and it should work.
If problem presist, do the same as above, but once you clean the network references from the computer, restart, do a hardware reset on the AE and good luck.
the new apple extreme with 7.5 has lots of problems, every wonder why is apple not releasing 7.5 to the wild..