TPTK in a dangerous situation

[jjyykk]

Full Tilt Poker No-Limit Hold'em Tourney, Big Blind is t40 (9 handed) Hand History converter Courtesy of PokerZion.com

Hero (t2785)
BB (t1840)
UTG (t1270)
UTG+1 (t1785)
MP1 (t1005)
MP2 (t1465)
MP3 (t3525)
CO (t2725)
Button (t1455)

Preflop: Hero is SB with A[img]/images/graemlins/heart.gif[/img], Q[img]/images/graemlins/club.gif[/img].
<font color="#666666">1 fold</font>, <font color="#CC3333">UTG+1 raises to t80</font>, <font color="#666666">2 folds</font>, MP3 calls t80, <font color="#666666">1 fold</font>, Button calls t80, Hero calls t60, BB calls t40.

Flop: (t400) 5[img]/images/graemlins/heart.gif[/img], Q[img]/images/graemlins/heart.gif[/img], 8[img]/images/graemlins/spade.gif[/img] <font color="#0000FF">(5 players)</font>
Hero checks, BB checks, <font color="#CC3333">UTG+1 bets t220</font>, MP3 folds, Button calls t220, <font color="#CC3333">Hero raises to t2705 (All-In)</font>, BB folds, UTG+1 calls t1485 (All-In), Button folds.

Turn: (t5030) T[img]/images/graemlins/spade.gif[/img] <font color="#0000FF">(2 players, 2 all-in)</font>


River: (t5030) 6[img]/images/graemlins/club.gif[/img] <font color="#0000FF">(2 players, 2 all-in)</font>

Final Pot: t5030

This is a very bad situation. My first thought is I should fold preflop; I rarely like playing hands like AQ oop. However, the two callers made it really difficult to fold.

I didn't like the 220 flop bet, but I think my equity vs his range (QQ-AA, 88 and TT), KQ, JQs) was decent. It's funny I would have probably check called then check folded the turn, but the second guy's flat call made me shove my stack in. I think this is bad on all counts. Thoughts?