Many other calendar plugins support recurring events, but don't fill the listing with it.
It's actually been a major reason why the calendar has not been populated, as I "made the mistake" of adding the weekly meeting and now I have 72 entries right off the bat.
With the way WordPress sorts pages/posts, and items that use post types, it sucks.
But to not have your weekly meeting on the calendar is kind of silly, too.
Perhaps consider being able to hide recurring events, or a default sort by event date so that the recurring events get pushed down lower when other things are added.