($11) 1010 early on, correct to fold an overpair?

[Asgrow13]

With a raise and a caller before the flop I wasn't sure it was correct to reraise with 10-10 so I figured I'd play for set/overpair value. Any comments on the pre-flop and post-flop play would be appreciated.

PartyPoker $11 Speed Tournament, Big Blind is t60 (10 handed) Converter on pregopoker.com

UTG (t2080)
UTG+1 (t2360)
MP1 (t2160)
MP2 (t2469)
MP3 (t1900)
CO+1 (t1940)
CO (t1940)
Hero (t1930)
SB (t1131)
BB (t2090)

Preflop: Hero is in Button with T[img]/images/graemlins/spade.gif[/img] T[img]/images/graemlins/club.gif[/img]
<font color="gray">UTG folds</font>, <font color="gray">UTG+1 folds</font>, MP1 calls t60, <font color="red">MP2 raises to t120</font>, MP3 calls t120, <font color="gray">CO+1 folds</font>, <font color="gray">CO folds</font>, Hero calls t120, <font color="gray">SB folds</font>, <font color="gray">BB folds</font>, MP1 calls t60

Flop: (t570) 6[img]/images/graemlins/diamond.gif[/img] 8[img]/images/graemlins/diamond.gif[/img] 8[img]/images/graemlins/heart.gif[/img] (4 players)
MP1 checks, <font color="red">MP2 bets t150</font>, <font color="gray">MP3 folds</font>, <font color="red">Hero raises to t450</font>, <font color="red">MP1 raises to t750</font>, <font color="gray">MP2 folds</font>, <font color="gray">Hero folds</font>