I always interpreted the original comic as them coming up with the worst monster they could imagine. The worst possible fate a game could inflict on an NPC that a player could ignore-- since, well, that was what the comic was mocking. In that context, dickwolves does not particularly bother me. No more than Fruit Fucker, anyhow.

That said, Team Dickwolves as shirts makes very little sense, except as kneejerk defensiveness, or as a really, really poorly thought out attempt to defend free speech. I know they make their living being assholes, but I'm glad they stopped selling the shirts.