I guess it's worth pointing out that when mathematicians today use the word "topology" in conversation, they almost universally mean "algebraic topology." Point-set topology is as dead as the dodo.
That is to say it's an essential part of the foundations of theoretical mathematics (you can't understand algebraic topology without understanding point-set topology), but there is not much new innovation purely within point-set topology itself.
So I find "dead as a dodo" too strong of a metaphor.
The most common meaning of the word "topology" is quite simply "a topology". As in a set of opens for a particular space of interest. These show up all over the place regardless of whether you can do some algebra on them.
What makes it dead?