[busted]

I think the debate about overcalls is secondary. I agree with the raise on the flop. But IMO, a major mistake was made on the turn by calling a single bet and not raising. On the turn, the pot is big (9 BB so far) and you've now got a nut flush draw in addition to the nut straight draw. You've got to protect this hand and try to drive opponents out. I'd have raised the turn. You'd create a difficult decision for both LMP and SB to CC 2 bets, given the pot odds and number of opponents. With BB's hesitation on the river, he may have folded a raise on the turn, too. You definitely don't want to give 3 opponents another draw on the river to beat you -- without paying a price.