$16-77-shove over?

[ADLinden]

CO is a losing player over a fair amount of games, but I haven't seen anything too dumb from him this game, with blinds is it time to shove and race for my chips here?

Poker Stars
No Limit Holdem Tournament
Blinds: t200/t400
(Ante: t25)
5 players
Converter

Stack sizes:
UTG: t1170
CO: t3975
Hero: t2080
SB: t3690
BB: t2585

Pre-flop: (5 players) Hero is Button with 7[img]/images/graemlins/heart.gif[/img] 7[img]/images/graemlins/diamond.gif[/img]
UTG folds, <font color="#cc0000">CO raises to t1200</font>, Hero?