($24) Two little boys meet scary lady. Line check

[Pocketbear]

Full Tilt Poker
No Limit Holdem Tournament
Blinds: t15/t30
8 players
Converter

Stack sizes:
UTG: t1545
UTG+1: t1500
MP1: t1410
Hero: t1500
CO: t3180
Button: t1395
SB: t1470
BB: t1500

Pre-flop: (8 players) Hero is MP2 with J[img]/images/graemlins/spade.gif[/img] J[img]/images/graemlins/heart.gif[/img]
UTG calls t30 <font color="aaaaaa">(pot was t45)</font>, 2 folds, <font color="#cc0000">Hero raises to t120</font>, CO calls t120 <font color="aaaaaa">(pot was t195)</font>, Button folds, SB calls t105 <font color="aaaaaa">(pot was t315)</font>, BB folds, UTG calls t90 <font color="aaaaaa">(pot was t420)</font>.

Flop: Q[img]/images/graemlins/diamond.gif[/img] 7[img]/images/graemlins/club.gif[/img] 3[img]/images/graemlins/club.gif[/img] (t510, 4 players)
SB checks, UTG checks, <font color="#cc0000">Hero bets t350</font>, <font color="#cc0000">CO raises to t700</font>, 2 folds, Hero folds.

No reads. Basically one question - cbet or not? Because folding after minreraise is obvious, right?