QQ in a large pot -- drawy flop

[meep_42]

Here's the situation -- I've been at a pretty decent 8/16 game for a couple hours. There are a couple tighties, but there's enough action to go around, unfortunately the action has moved from my right to my left over the course of the last hour, but there are still some pretty bad players to my immediate right.

SB - At first glance, he seemed good, but after about an hour it really looks like he likes calling a lot, and with just about anything. My mental note on him is to value bet with anything at all, he almost never folds and will raise when he's got the goods.

BB - I've played with him a couple times, and he's a little loose, but has some gamble in him, will not shy away from being aggressive if he thinks it's warranted.

Me - My image is in a state of transition. I had been losing my shirt for the first couple hours, but in the 10-20 minutes immediately preceding this hand I'd gotten back to even showing down some good hands. I've been playing pretty solid post-flop, and a little loose pre-flop (25-30% at a 9 handed table), but I haven't been showing down a lot of hands - folding a lot of flops and turns.

I catch some red Queens on the button -- 3 limpers to me, and much like a good poker player would do, I raise. Both blinds call, as do the limpers.

So we're 6 to the flop for 12SB.

The flop is probably the best flop I can imagine, 987 with a club draw. I don't think that the other players noticed when I threw up a little when I saw it, but I can't be sure of it.

SB checks, BB bets, 2 callers to me and I raise (mistake #1, imo) -- here's where it gets interesting, SB 3-bets and BB caps, the limpers fold and it's on me... (29SB including SBs call)

Am I drawing live, dead, or thin? What's my plan, given the flop play?

-d