Ok so I just played the game and WOW it is good.
The school theme is pretty refreshing and I find it far more relatable than the mob/gangsta shit of the GTA games (well maybe because I spent my fair share of time in private schools).
The voice acting is top notch and some how they managed to lip sync everything perfectly. Don't see that much in games, it really draws you in. The music is really good too.
Only down side is that it is a PS2 game so it is a little rough on the eye but it does have a wide screen mode. A Xbox or X360 version would have been sweet, but I guess we will have to wait for Bully 2.
One of the best PS2 titles of the year, I am glad I picked it up.