simplified event repeat for g.d.o

Meetup.com will do "event repeats" for people which is a great feature. The way the do it is that

1. you opt into it and set the schedule on the original event
2. right after that event passes they make a copy of that event and put it in the future based on your schedule

This is really simple, avoids a lot of the complexities of the current event repeat tool creating tons of events into the future, and it sends notifications in a more timely manner than the current event repeat tool might.

Anyone know of something like this?