I do not think that Bohr's model is totally incorrect because it could nicely explain spectrum of hydrogen, gave good theoretical basis for the Rydberg constant and so students have to learn it, I believe.

However, there is one trouble with his first postulate, which I pointed out in 1980 in my comment on P A M Dirac's article. According to his postulate, the centripetal force acting on the electron equals the Coulomb force of nucleus. This means the Coulomb force is responsible for two modes of motion, namely 1) motion along the line of action - as in case of electric potential energy and 2) motion, NOT along the line of action - as in case of Bohr's model of atom. This raises the question how to decide the mode of actual motion in a particular case. Unfortunately, we - physicists and teachers - never consider how the Coulombic force manifests itself in a given case. So I call it as the MPCF - the Manifestation Paradox of Central Force. For more information contact me on dvsathe(at)gmail.com