So many good points in this thread. Bottom line is we need a better read on V. But, I have seen 1/2 players open at this size and then 4! AI with hands like 99. If V is over 30, he prob had QQ+, and most likely AA or KK. If V is under 30, he could have 66 and be making a TV tournament play to race. Age of opponents is not a shortcut to thinking but absent reads, that might put me in one direction more than the other here.
I sometimes limp to re raise preflop AK in early position. I agree with an earlier poster: if I raise a quarter to my stack, I'm planning on getting it in. If I want to possibly have room to fold, I'm raising a smaller amount. I also don't hate limping and calling and playing it small, seeing a cheap flop. If I limp, I probably raise MOST of the time, and decide I'm committed to the pot, though. Given the size of our 3!, ship it.

+1

call as played

always open w/AKs unless there is a specific reason to limp/rr not mentioned in OP

while limp/reraising has its' place it should be a rare occurrence... doing so w/AK is typically a fish move motivated moreso by fear of playing postflop than anything

a possible scenario to limp/rr AK from utg - perhaps a shortstacked whale otb is opening close to 100% when limped to & will call any raise, and the blinds are preflop stations. then i would limp/rr w/AK and, stacks permitting, usually gii on any flop....

Seriously? 4 bet jams at 1/2 are basically always huge pairs

If you're in the boat where you are cool with raising in EP, getting a bunch of callers, and then playing OOP postflop with TP in a smallish SPR but very multiway pot, then obviously just open with it.

If you're not cool with that result, then limp/reraise it.

It's sorta dawned on me recently why there is so much contention over the limp/reraise play, and it basically boils down to which camp you're in above.

I will say this though, and even HOC addresses this a bit: if you feel you are a bit of a weaker player than your opponents / have a tough time postflop / etc. (which I believe those in a "beginner" type forum might lean towards), you're much better off creating simpler situations for yourselves by ending things preflop / getting in stacks preflop with huge hands to avoid postflop play. Not saying that should necessarily be the expert's goal, just saying you have to properly evaluate your postflop play in order to know what the best preflop play is for you.

GcluelessNLnoobG

No they aren't, and the limits matter a lot more. 100BB at 1/2 is not the same as 100 BB at 2/5 or 5/10.

Now obviously the way this was played calling off here is marginal, but it is +EV. The play at 1-2 is bad, it isn't that uncommon to see people shove 40-60BB with 89 or QJ, and the same for marginal PP/AQ/AJ.

These players are not fundamentally sound, it is a big part of why this is a call.

All that aside, I'm not getting in such a large percentage of my stack preflop and then folding for 150 with another small stack and some other dead money. I don't like the way this hand was played up until this point, but folding now just compounds our mistakes.

This isn't a shove to 40-60 bb, this is a shove of 100 bb after an open raise over our 3 bet. The % of time this is AA-QQ is 85%+ easily.

Yes, I see those hands you are describing at 1/2, but it's usually someone saying eff it over a single raise with like $90 in front of them or a good player shoving all in light over the top to isolate a small stack all-in. It's not someone raise/4 betting all-in with $200 after being 3 bet.