Interviewing After Accepting a Job Offer

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I've accepted a job offer in early December but I have another interview with another company next week (that I'd rather work for)... also, with this company that I'm interviewing with, there's a possibility that I could continue to work for them throughout the school year through a "co-op", which is ideal for me.

What do I tell them about my offer from December? Or do I not say anything?
 
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What was the nature of your acceptance in December? When are you supposed to start work? Seems like a long time ago to have accepted a position, and not be there already.
 
It's for a summer internship in EE. I would start end of May/early June.
 
I have recently been going through a similar situation. I'm still going to interview with the company I'd rather work for, but breaking off ties with the company I've already said yes to (in such a poor fashion) just doesn't seem right to me.

I'm thinking about going to the interview for the company I'd rather work for and, if accepted, telling them that I'm busy during the summer but would like to work for them in the fall part-time while I'm in school.