I'm not sure how popular it is exactly. It might be popular among fans of the original Rainbow Mika character or those who are into visual novels in general. But without more data, it's difficult to determine its popularity.
There are a lot of factors that contribute to the popularity of a visual novel like Rainbow Mika Visual Novel. If it has unique gameplay elements, a captivating plot, and strong character development, it has the potential to be popular. But it also has to compete with a large number of other visual novels in the market. So, while it could be popular within a niche community, it may not be a household name in the broader gaming world.
Popularity can be a relative thing. If it has a great story, interesting characters, and good graphics, it could gain a following. However, compared to some mainstream visual novels, it may not have as wide an audience. It really depends on how well it was marketed and how appealing it is to the target demographic.