Do I commit the last of my chips here?

[Duece Three]

A bad beat, followed by a couple of tilted, bone-head plays has me in the CO with 1000 (blinds now 500/1000).

16 players left, 8 on my table.

Everyone calls and it on me. I have 7 [img]/images/graemlins/diamond.gif[/img], 9 [img]/images/graemlins/diamond.gif[/img]

My question is, with 7000 in the pot, is this hand the one you take a shot with or do you hope for something better before the blind come to you 6 hands later?

My initial thought was I'm getting 7 to 1, so I called...