The master and slave cores are completely separate and do not have direct access to each other's flash ROM or RAM , but there are "mail boxes" where you can share data, and you can even DMA blocks of data between each of the cores, making sharing data pretty fast (even large blocks can be transferred either direction).
The slave core's CPU code is loaded via "something". Initially, I was just using the master core to contain the slave's data (which is fine if you have enough program memory space in the master core). Later I made a tiny code stub that the master programs the slave with that allows the slave to fetch its core data from an external SPI flash ROM. The slave is faster because it runs out of PRAM instead of flash memory. There is a new series of single/dual/quad? core PICs coming that apparently will be all PRAM and you load the code externally like the slave core.
These new parts have a few extra instructions and a 6 cycle divide (down from 18 of the original 24/33 parts). Each core only has one dedicated timer, but there are a bunch of capture/compare timers that can be used as general purpose timers. The slave core has faster instruction execution too. If you look at the instruction execution times you will see anything memory related is twice as fast as the master core.
For my 1541 emulation I am using the master core for the 6502 emulation, SD card, OLED, and button inputs. The slave core contains the emulation of the two 6522's. There was not quite enough CPU power left in the master to handle all of the VIA timer and shift register cases. I was looking at adding a second PIC to handle the VIA emulation when the dual core parts came out. Great timing!
There is also the new CK series of parts which seem to be hybrid of the dual core die that self loads and has faster divide and instruction times. These all run at 100MIPS (I have run them to 140MIPs to see how fast they would really go overclocked).
Let me know if you have any questions about these. I spent the last 8 months figuring out their quirks.