Bully: Scholarship Edition is a great game to simply pick up and play after a day of work, and for those who missed the opportunity to check it out on the PS2 should definitely give it a go. Its long-running laughs will undoubtedly provide you with hours of mature-themed hilarity. For those who have already played the original, it's a safe bet that you won't miss much if you skip out on this one.
So the verdict is simple: If you've never played it, buy it; just don't expect an engrossing experience. Simply expect to be entertained with a few genuine laughs.