$225 Turbo. UTG limp, flop play ?

Hi I have been playing poker for a bit less then a year now, mostly 1-table tournaments.

I ran into this hand and was unsure of how to play it.
please explain what you would do in this particular situation.

Most of these opponents are unknown to me, this is one of the first hands.
PokerStars No-Limit Hold'em Tourney, Big Blind is t20 (9 handed) pokerhand.org hand converter (http://www.pokerhand.org)

MP3 (t1200)
CO (t1990)
Button (t1470)
SB (t1380)
BB (t1480)
Hero (t1500)
UTG+1 (t1700)
MP1 (t1500)
MP2 (t1280)

Preflop: Hero is UTG with J/images/graemlins/spade.gif, A/images/graemlins/spade.gif.
Hero calls t20, <font color="#666666">2 folds</font>, MP2 calls t20, <font color="#666666">1 fold</font>, CO calls t20, Button calls t20, <font color="#666666">1 fold</font>, BB checks.

Flop: (t110) 4/images/graemlins/heart.gif, A/images/graemlins/diamond.gif, 7/images/graemlins/heart.gif <font color="#0000FF">(5 players)</font>
BB checks, Hero bets t60, MP2 calls, CO calls, Button re-reraises t240, BB folds, Hero ???

[rbear]

I fold this and wait for a better spot. This is exactly why I hate playing AJ OOP this early. I think with a couple spades I stay in, but at this point, Villian most likely has you, and you can easily get away from it.

You don't know lots about Villain here. PF limp could mean any number of things. He could conceiveably have limped with A4, A7, AQ, Axh, 44, or 77. I think AK is less likely because of three callers before him.

It's pricey to bet to find out more. I lay it down.

[jb9]

I don't play this high, but... I'd fold here with no read on button and 2 players still to act.

With so many people in the pot, I would have wanted to bet 100-120 on the flop. 60 looks a bit like you have a flush draw and are trying to build a pot.

It's possible that the 1/2 pot bet and 2 calls have encouraged button to bluff raise but he could also have a hand he wants to protect from flush draws. However, I would let MP2 or CO investigate what button is up to...

[tigerite]

I would fold here, not sure I'd lead this flop, either.