I like it. But when you do it, you have to be fairly sure that opponent doesnt have the ace. I learned that yesterday: I called a raise preflop with KT and a reraise preflop with 76, flop was Axx (not AAx), I raised on flop and both times the raiser came over the top and I folded. I thought they had a big pair (not aces) and I was probably wrong both times.
I think it is stupid to do it against a loose aggressive player because he might reraise with nothing (I think that was the case in one of my hands).
But if the player is tight and you think your read is right I think it's a great play.

Since you open raised and he reraised, he probably has a big pair. Its very believable that you have a big ace so your play was a good one.