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Whatever one you go for (GPL,LGPL,BSD,MIT etc) make sure you read it and understand your and your users rights. Go for the one you agree with. They all take a slightly different perspective. To me it does not make much difference which license you use(closed or open) as long as the user does not violate it.
I always just say this with any software, "This program is open source software. You can redistribute it under the terms of GNU General Public License version 2 or later as published by the Free Software Foundation". Its simple and I think the GPL license gives more rights to the author than the BSD license.
Edit- I agree with Eoin on the fact that this could easily turn into a flame war. Read all the ones suggested and make your own choice. I have no idea what your views are on open source so its hard to tell you exatly which license to release it under.
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