I do also believe Bullying has raised a lot since Rockstar made Bully(not saying it's R* fault,but just bad luck),so releasing a game related of Bullying is not very proper at the moment...
I was bullied when I was younger(like 8 years ago,but well,sometimes physical violence helps solving stuff),and I realise that today bullying is more frequent than when they did to me(so yeah,I can consider myself lucky)