NL50: QQ facing likely slowplay

[Specialwon]

I've seen this kind of thing on High Stakes Poker, but not in an NL50 ring game before.

What do I do on the flop? What's my plan for the later streets?

Villain was 26/1/2.5 over a 50 hand sample.

Poker Room skin
No Limit Holdem Ring game
Blinds: $0.25/$0.50
9 players
Converter

Stack sizes:
UTG: $32.25
UTG+1: $42.50
MP1: $54.90
MP2: $65.55
MP3: $23.00
CO: $8.25
Hero: $47.50
SB: $47.50
BB: $47.25

Pre-flop: (9 players) Hero is Button with Q[img]/images/graemlins/heart.gif[/img] Q[img]/images/graemlins/club.gif[/img]
<font color="#cc0000">UTG raises to $1</font>, UTG+1 folds, MP1 calls, MP2 calls, MP3 folds, <font color="#cc0000">CO raises to $5</font>, <font color="#cc0000">Hero raises to $10</font>, 4 folds, MP2 calls, <font color="#cc0000">CO calls all-in $3.25</font>.

Flop: 7[img]/images/graemlins/diamond.gif[/img] 9[img]/images/graemlins/spade.gif[/img] 2[img]/images/graemlins/diamond.gif[/img] ($31, 2 players + 1 all-in - Main pot: $27.5, Sidepot 1: $3.5)
MP2 checks, <font color="#cc0000">Hero ?</font>,