ForbidenMaster
Explorer
I do not think you can prepare both level 1 spells.
I think customer service stated that this was not allowed (and I suspect it will be clarified in errata later on).
It has already been clarified in the FAQ:
8. Can a 5th level wizard memorize two 5th level daily spells instead of a 1st and a 5th level daily spell?
At the end of each long rest, a wizard prepares one 1st-level Daily spell chosen from the list of 1st level daily spells in her spellbook. If she were at least 2nd level, she would also prepare one 2nd-level utility spell chosen from the list of 2nd-level utility spells in her spellbook. At 5th level she would also prepare one 5th-level daily spell from her list of 5th-level daily spells in her spellbook. She would repeat this process for every level that she has access to wizard daily or utility spells. She could not, as a 5th-level wizard, prepare a second 5th-level daily spell in place of a daily spell of a different level.
http://wizards.custhelp.com/cgi-bin...Xh0PXBsYXllcnMgaGFuZGJvb2s*&p_li=&p_topview=1
In other words, as a wizard you gain access to multiple daily spells, however you can only ever prepare spells in the same way as if you were any other class. You get one first level daily, one second level utility, one 5th level daily, etc.