Decided to play Bully once again on xbox one after this thread gave me the thought to. Good game.
I then looked up earlier about Bully 2. If all reported is to be believed, and if this cancelled game was in fact Bully 2, it would make it the third time it was in production.
First was shut down in 2009.
Second was shut down end of 2013.
Now rumored to be shut down again.
If all is true then sadly I don't think we will ever get a Bully 2. How many failed developed cycles and costs before 'enough is enough' is decided.