Hey Mike. Jason is correct in that a template override (question 1 under the “Customization” section) could do this, but it seems like it’d be even easier to just change the number of items that display in the loop to something manageable so it paginates after X amount of entries. This is controlled by whatever you’ve configured under Settings -> Reading. Wouldn’t that take care of the issue with too many events?
In terms of the format on that site you linked to: that looks slick, and we may incorporate something along those lines down the road, but at this point there’s unfortunately nothing out of the box to allow for that. We mostly just have grid/list view (as well as single day & venue view) at this point.
Hope that helps. Let me know if not.