PokerStars No-Limit Hold'em Tourney, Big Blind is t20 (9 handed) converter

MP1 (t1740)
MP2 (t1460)
MP3 (t780)
CO (t1260)
Hero (t1470)
SB (t1850)
BB (t1200)
UTG (t1500)
UTG+1 (t2240)

Preflop: Hero is Button with 8[img]/images/graemlins/spade.gif[/img], 8[img]/images/graemlins/diamond.gif[/img].
<font color="#666666">2 folds</font>, MP1 calls t20, <font color="#666666">3 folds</font>, <font color="#CC3333">Hero ???</font>

What's the play here: limp and play for set value, or raise enough to isolate or take the pot now?