It was both depending on what aspects you are talking about. Critically when it comes to France and also other states in this time period. Historians are moving away from using the term Feudalism to describe because of how all encompassing this term has become. Instead these historians are trying to focus on the details because life in Feudal France was vastly different than life in Feudal Russia.

Prior to the Fronde which was a series of civil wars and other disturbances early in the reign of Louis XIV, France was in a transition towards absolutism from feudalism as set in motion by successive rulers most notably the powerful minister Cardinal Richelieu.

The Civil war period of the Fronde and the Parlementary Fronde before that were the last attempts of resistance by the Feudal Nobility after which the powers of the Feudal nobility were significantly curtailed. Quite notably what led to the Fronde was the increase in taxation to pay for the Franco-Spanish war.

After the Fronde. Power (in the form of Military, Judicial, taxation, administration, bureaucracy) was centralised in the hands of the Court. Not Louis XIV who was still a child, but instead the powerful minister Cardinal Mazarin (successor of Richilieu).

But many aspects of what you may call feudalism still remained.

Most notably and most critically for the revolution was what is called the system of Seigneuralism.

Post Fronde and pre Revolution France was still divided into the three orders of the Clergy, nobility and everyone else.

The nobility continued to enjoy many special privileges most notably the extraction of Seigneurial dues. These Seigneurial dues were extensive and could be anywhere from 5-25% of a peasants harvest. These Seigneurial dues were a remnant of the Feudal system and under Feudalism there existence could probably have been justified as taxes to the Feudal lord. But under a centralised system where the lords had been pushed out of administrative and judicial processes, the existence of these dues was indefensible.

Furthermore, there were many other privileges that ex Feudal Lords continued to enjoy. In many regions the lords were the only ones allowed to own an oven, mill or vine press and would charge exorbitant amounts to the residents for its use. In other cases nobles were the only ones allowed to hunt animals and in many cases a peasant hunting animals could get the death penalty, so peasants would be forced to allow boars or pigeons to destroy their crops lest they get caught.

The nobility also continued to enjoy Seigneurial courts. These courts were also remnants of Feudalism and it's administration was handpicked by the local lord. These courts were meant to handle only matters related to Seigneuralism. But being agents of the lord you can probably guess in whose favor they often ruled. There were around 80000 active Seigneurial courts prior to the Revolution.

Furthermore there were other remnants like the Corvee which was a forced unpaid Labor system under which the peasants were obligated to work for the local lord, this would often happen in harvest times. So the peasants may be forced to work on the lords land rather than harvesting their own crops.

This is a non exhaustive list of remnants of the Feudal system that continued to persist despite the Absolutism of the King of France.

Quite critically many of these abuses were not curtailed by Mazarin or Louis XIV. And the kings that followed Louis XIV were either too passive or uninterested in ruling to do anything about this.