Re: playing the players(maybe)
Haven't read other reponses but I would think that you want to isolate the MP. To do that you will probably have to reraise on the flop. If the CO is alright he probably realizes that his AK isn't going to hold up (depends on your table image).
Reraise to 15 and in a perfect world MP might reraise again. That will for sure put up heads up against MP.
In the end my guess is that your hand is still good here but you are facing CO with AK and with one card to come has a couple outs.
Guin
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