This is *just* what happens when you convert between binary and decimal - see the links I provided in the post below.
update:
Think of it like this: decimal floats are inaccurate too, since they can't represent a rational number like 1/3 in finite notation:
1/3 = 0.333333333333333333....
If all arithmatic was done using decimal notation, assuming a maximum of 10 places you get:
$x = 1/3; # 0.3333333333
$y = $x * 3;
$y == 1 -> false # $y == 0.9999999999
The same thing happens here, only since humans have a hard time thinking in floating binary, it's much harder to predict where.
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