NL50 SqUeEzE good?

[goat_beard]

alright so BTN is a semi decent player.He is unknown but a search of him pops up 4 tbls and hes full stack+ at each of them. Under this circumstance I can see him trying to take down blinds here, so I decide to go for the squeeze and put him off his probably crappy hand. my question is, is this a long term good or bad play with the given read, and is this a short term good or bad play without calling the btn "semi-decent".

Full Tilt Poker - No Limit Hold'em Cash Game - $0.25/$0.50 Blinds - 6 Players - (LegoPoker HH Converter)

<font color="black">Hero (SB): $56.50</font>
BB: $24.05
UTG: $31.60
MP: $49.25
CO: $50
BTN: $43

<font color="black">Preflop:</font> Hero is dealt T[img]/images/graemlins/diamond.gif[/img] K[img]/images/graemlins/diamond.gif[/img] (6 Players)
BB calls $0.50, UTG calls $0.50, MP calls $0.50, <font color="red">CO raises to $3.25</font>, BTN folds, <font color="red">Hero raises to $11.50</font>, 4 folds
Uncalled bet of $8.25 returned to Hero