Full Tilt PLO8 - $400...What To Do?

[Omaha8sPoker]

So I decided to take a shot at the $400 games on Full Tilt because I figured it was about time I stepped up from the $100 games to the $200s and $400s...

Seat 1: VILLIAN 1 ($319.50)
Seat 2: ($226.25)
Seat 3: ($156)
Seat 4: VILLIAN 2 ($165.80)
Seat 5: HERO ($488.15)
Seat 6 (SB): ($117.45)
Seat 7 (BB): ($354.80)
Seat 8: ($324.80)
Seat 9: ($180)
HERO is on the button.

Preflop:
Dealt to Hero [A [img]/images/graemlins/spade.gif[/img] J [img]/images/graemlins/club.gif[/img] 8 [img]/images/graemlins/spade.gif[/img] 3 [img]/images/graemlins/club.gif[/img]]
SEAT 8 folds
SEAT 9 calls $4
VILLIAN 1 calls $4
SEAT 2 folds
SEAT 3 folds
VILLIAN 2 calls $4
HERO calls $4
SB calls $2
BB checks

I elected to just call on the button, thought about raising but figured I didn't want to bloat the pot with this hand preflop...

FLOP: Q [img]/images/graemlins/heart.gif[/img] 5 [img]/images/graemlins/heart.gif[/img] 8 [img]/images/graemlins/club.gif[/img]

SB checks
BB checks
SEAT 9 checks
VILLIAN 1 bets $16
VILLIAN 2 calls $16
HERO calls $16
SB folds
BB folds
SEAT 9 calls $16

I thought I would peel on the button and see what came on the turn...I NOW REALIZE THAT IT WAS A REALLY BAD PLAY...No need to comment...

TURN: 2 [img]/images/graemlins/spade.gif[/img]
VILLIAN 1 bets $40
VILLIAN 2 calls $40
HERO ?????

Well I pretty much caught Yathzee on the turn...VILLIAN 1 leads out with a weakish bet on the turn...On the flop he leads $16 into a $24 pot...Now with a pretty safeish turn card that couldn't have completed any draws he bets $40 into an $88 pot and we just get a call from VILLIAN 2...

I didn't have any specific reads on VILLIAN 1 or 2 as they both had just sat down at the table...Names don't really look familiar...