Actually that shows that the play was +EV (in chips), with an expected return of ~t860 for his t720. In a cash game it is a correct play given that we know their hands and that they will call. However, since this is a tourney, you'll have to translate it to $EV (which I don't remember how to do).

The bottom line is that there will be better spots later on in the tournament.

edit:
BTW: You had the worst hand of the bunch when the money went in.
This is obliously wrong. In this situation KQ was in fact the second best hand (and with this I correct some of my statements earlier in the thread, but I still don't like the play).