QQ preflop. Is folding +EV?

[geoncic]

I'm sorry for the multiple posts, but I seriously am not sure about some of these hands. I really appreciate people's response and opinions. Thanks for all the help.

Assume no reads. What would you have done? CO still has to act behind me, it was a tough fold. I put him on AA, KK, AK. I'm only slightly ahead of AK, so I'm thinking it was the right move.

Full Tilt No-Limit Hold'em, $0.10 BB (6 handed) Hand History Converter Tool from FlopTurnRiver.com (Format: 2+2 Forums)

SB ($29.90)
BB ($9.85)
UTG ($4.65)
Hero ($8.75)
CO ($7.95)
Button ($13.95)

Preflop: Hero is MP with Q[img]/images/graemlins/club.gif[/img], Q[img]/images/graemlins/heart.gif[/img].
<font color="#666666">1 fold</font>, <font color="#CC3333">Hero raises to $0.4</font>, CO calls $0.40, <font color="#CC3333">Button raises to $1.75</font>, <font color="#666666">2 folds</font>, Hero folds, CO folds.

Final Pot: $1.35