10/20 NL 3-handed discussion

[sxz18]

My friend and I were discussing this hand that came up the other day. Any input and discussion is greatly appreciated.

10/20 NL 3-handed
Hero-BB ($2200)
Villian-SB ($2100)

Hero is dealt 8 [img]/images/graemlins/club.gif[/img] 8 [img]/images/graemlins/heart.gif[/img] in BB.

Preflop: Button folds, Villian completes, Hero raises to $70, Villian reraises to $120, Hero...

What hands do you put Villian on given his limp reraise? Do you reraise with 88 in this position? If not, how do you plan to play the flop/turn/river?