The French Revolution was a direct inspiration for the Bolshevik Revolution in Russia. Lenin, Trotsky and associates were well aware of the ideas put forth during the early 1800s.
Also keep in mind that the ideas of the Bolshevik Revolution are even present in the political plan of the neoconservatives in America. The idea of the "domino theory" originally put forth by Paul Wolfowitz is heavily influenced by Trotskian ideas.
Yes, the French Revolution was a necessary event that probably helped to cause the Bolshevik Rev. No, the ideas of the Bolsheviks have not been forgotten. In fact, many Bolshevik ideas are the cornerstones of much of the expansionist policies of the present day United States.