[slogger]

It's probably close (i.e., not foolish) because of the T400 BB, but I think calling is wrong here. Sure, 700 is not a ton of chips and you will be likely to finish 2nd (rather than first) should big stack win the hand, but the thing you're not taking into account is that you can still be knocked out 3rd, even if small stack wins the hand (if your hand is 3rd best - fairly likely scenario given the SB's push). And even when you're 2nd best and short stacks wins, you're left with the same amount of chips as you would have if you had folded (with no risk of busting).

Generally, I believe that where you have an opportunity to risk a chance at 2nd in return for a significantly greater shot at 1st, you should take it. I just don't think this play will give you that boost often enough to compensate for the risk of giving up the near certainty that you'll place at least 2nd if you fold.