Reading Wikipedia on structural linguistics, you will bump into:
Structural linguistics is now regarded by some professional linguists as outdated and as superseded by developments such as cognitive linguistics and generative grammar: Jan Koster states, "Saussure, considered the most important linguist of the century in Europe until the 1950s, hardly plays a role in current theoretical thinking about language,"[3] while cognitive linguist Mark Turner[4] reports that many of Saussure's concepts were "wrong on a grand scale" and Norman N. Holland[5] notes that "Saussure's views are not held, so far as I know, by modern linguists, only by literary critics, Lacanians, and the occasional philosopher;" others have made similar observations.[6][7]
What I take from this, is that structural linguistics no longer has any relevance in modern linguistics. Is this the full story, or are there fields which still consider structuralism important?