Re: Cap pre-flop, Fold Flop
Reads would be useful here, as you could have the best hand versus the nearly all-in guy and the Button (who could have AK or even AQ/TT) on the flop. I'm tempted to cold-call, but that's about the worst flop I can imagine under the circumstances, so the fold does seem sensible to me -- especially if your opponents are players who will respect a preflop cap and a very scary board.
Edit: Checking the flop does kind of open up a vaccuum, though, for other people to step in and get aggressive. I'm not sure I'd want to do that, in this spot.
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