I just watched it. Is it woke, I don't recall seeing a black person in it. So the casting represents the population of Europe at the time. Is it gay or feminist, not really. Victor has weird attachment issues with his mom and the creature, but nothing overtly gay or feminist in it. I didn't see anything really pushing a modern progressive message.
It has Del Toro's gothic aesthetic. There were shots that showed deep green lighting I think are in every Del Toro movie. It has a lot of gore. People are treated like blood bags throughout the movie.
I think it's a good movie with some pacing issues. I think some parts are too slow and other parts happen quickly with little build-up. My biggest gripe about the movie is the Elizabeth character. She really doesn't add much and her instant attraction and love for the creature is weird. And personally I don't understand the fascination with Mia Goth, I think she's odd looking and a fair actress at best.
TL:DR - Frankenstein is a decent adaptation with gore and no overt modern progressivism.
Frankenstein is a story where the idea of it, and the philosophical quandaries you can discuss off that is well above the content itself.
The discussion of God's responsibility to his creation and in turn fear of it is profound and interesting, so much so that a single line about it from fucking Spy Kids 2 blew people's minds, but its attached to a story that is incredibly boring and full of hilariously dumb details like the Monster chasing him on dog sleds.
But the only reason its actually a thing is because the movie was a huge hit in the earliest days of film, and its gone on to be referenced and inspire so much that its impossible to not discuss it. And tellingly, it takes almost nothing from the book beyond a few generalized scenes to tell a quick hit of horror action.