50 NL Fear the limp-RR?

[ship_it_trebek]

Villain running 43/10/1.5...I feel like I shouldn't respect this since he limped in late position. Regardless should I just dump preflop or if not, whats my action on the flop?

Full Tilt Poker - No Limit Hold'em Cash Game - $0.25/$0.50 Blinds - 9 Players - (LegoPoker HH Converter)

SB: $30.20
BB: $20.00
UTG: $12.70
UTG+1: $16.00
MP1: $82.65
MP2: $42.85
MP3: $51.80
CO: $27.65
<font color="black">Hero (BTN): $55.05</font>

<font color="black">Preflop:</font> Hero is dealt A[img]/images/graemlins/spade.gif[/img] Q[img]/images/graemlins/diamond.gif[/img] (9 Players)
4 folds, MP3 calls $0.50, CO folds, <font color="red">Hero raises to $2.50</font>, 2 folds, <font color="red">MP3 raises to $7.00</font>, Hero calls $4.50

<font color="black">Flop:</font> ($14.75) A[img]/images/graemlins/diamond.gif[/img] 9[img]/images/graemlins/diamond.gif[/img] 6[img]/images/graemlins/diamond.gif[/img] (2 Players)
<font color="red">MP3 bets $13.00</font>