KQ Fold to flop reraise?

[NeedAJoker]

Im curious here if and when I should have folded this hand besides the obvious mistake I made by cold-calling pre flop. Im not sure how many hands I had on the villian at the time but now I have 675 hands, 19.85%/13.19/2.00af(including pf)so pretty much hes a solid player. I think besides the fold I should have made PF, maybe I should have laid this down on the flop? I need to be grilled on this to keep this kind of situation in my head so let me have it.
Party Poker 2/4 Hold'em (10 handed) Hand History Converter Tool from FlopTurnRiver.com (Format: 2+2 Forums)

Preflop: Hero is UTG+2 with Q[img]/images/graemlins/club.gif[/img], K[img]/images/graemlins/heart.gif[/img]. MP3 posts a blind of $2.
<font color="#666666">1 fold</font>, <font color="#CC3333">UTG+1 raises</font>, Hero calls, <font color="#666666">2 folds</font>, MP3 (poster) calls, <font color="#CC3333">CO 3-bets</font>, <font color="#666666">3 folds</font>, UTG+1 calls, Hero calls, MP3 calls.

Flop: (13.50 SB) 5[img]/images/graemlins/spade.gif[/img], 6[img]/images/graemlins/heart.gif[/img], Q[img]/images/graemlins/diamond.gif[/img] <font color="#0000FF">(4 players)</font>
UTG+1 checks, <font color="#CC3333">Hero bets</font>, MP3 folds, <font color="#CC3333">CO raises</font>, UTG+1 folds, Hero calls.

Turn: (8.75 BB) 2[img]/images/graemlins/club.gif[/img] <font color="#0000FF">(2 players)</font>
Hero checks, <font color="#CC3333">CO bets</font>, Hero calls.

River: (10.75 BB) 4[img]/images/graemlins/club.gif[/img] <font color="#0000FF">(2 players)</font>
Hero checks, <font color="#CC3333">CO bets</font>, Hero calls.

Final Pot: 12.75 BB
After relooking at PT to figure out why I made that call PF I realized it was against a player who had 17%pfr and had been betting and raising everything like crazy for about 45 hands. I figured that if I did hit a hand, he would bet for me all the way down. Probably still a wrong call to make but now I understand a bit why I did it.