Have the US abandoned (or was forced to abandon) the triangular diplomacy?
Yes and no.
"Yes" because there's no longer an ideological battle between Moscow and Beijing over who to lead the communist struggle worldwide. Also territorial disputes between the two got solved, as I understand it. It's easy to claim a genius move when the two had actually something to fight over. (As far as I know the US had no real contribution to causing the Sino-Soviet split, including the border war, they only exploited it. Actually, one could sort-of claim that the US did have something to do with initiating the split,
as one of the more acerbic propagandistic attacks by Mao on Khrushchev was accusing him first of adventurism and then of backing off too easily in the Cuban missile crisis. On the other hand, Mao was deeply dissatisfied with Khrushchev denouncing Stalin[ism], so he would have likely found other ways to attack Khrushchev as compromising.)
And "no" because China and Russia still want some different things, like varying degree of economic-exchange cooperation with the West, even if Russia has been more willing to sacrifice that for territorial gains, as of late,
as well exhibiting a pattern of unilateral military interventions abroad in the past 14 years, while China has at best supplied UN peacekeepers (mostly in Africa) during this time. So the level of risk-aversion for military adventures is still quite different in Moscow vs Beijing. Not surprisingly, Biden warned Xi of 'consequence' should China help Russia in the war on Ukraine.
In narrow fields, China and Russia are still competing, like the recent arrests of Russian hypersonic researchers show--supposedly they sold secrets to China--, even if there's broader economic and especially military cooperation as of late like joint naval exercises in the seas around Japan.
However, the West and especially the US being involved in helping Ukraine and Taiwan is working in the opposite direction, of driving Russia and China towards closer ties in foreign policy, along the lines of "the enemy of my enemy is my friend". This is readily acknowledged in Washington. So, the hawks even put out pieces like "Washington Must Prepare for War With Both Russia and China".
A part of those who contest this view (e.g. Mearsheimer), propose that the US leave Europe+Russia to their own devices and that US must pivot to confronting China, turning Taiwan into a bulwark in the process, which (while exposed and ultimately might be defeated in a Pyrrhic victory by China) is supposed to last out just long enough for the US to economically defeat the PRC.
There are also those who say it's more ridiculous however for the US stick its neck out for Taiwan as that much more readily compares with China claiming a vital interest in defending Cuba, in terms of areas involved and distances. This camp acknowledges that the loss of a "major ally" in the Pacific region, like Australia, Japan, or South Korea would be much more of an issue worth preventing, but that Beijing is unlikely to achieve anything of that magnitude, so antagonizing the PRC over Taiwan isn't actually worth it (and likewise the US supporting even major Pacific allies' claims on small islands in the Pacific being also not worthwhile.) They also propose leaving more of Ukraine etc. as a problem for Europeans, but not entirely.
Typically, what distinguishes the realist school proposals (of which "triangular diplomacy" is just one incarnation) is that they don't embrace the idealist idea that the US must help defend every democracy, so [more] concessions can be made, for the sake of some ultimate US victory/hegemony or preserving some balance of powers. (Realists don't necessarily agree to whom to make what concessions though.)
If you want some kind of straw poll of experts, there is one regarding the solidity of the China-Russia relationship in Foreign Affairs. The points raised are more or less those from above, but that discussion doesn't get much to proposed solutions of how the US could drive a deeper wedge between Russia and China.