I just started using this software so I haven't seen the refered 1.4 calendar but I think I can image what you mean and I agree. I'd like to see event durations similar to how outlook handles multi day events with the event stretching across the top of the days.
This would help as well with the issue of unreadable titles in the calendar view. In my case it's hardly readable especially where the title is "Secondary:..." or "Bottle/Keg:..." since that takes up half the availible space. I think each beer given its own timeline stretched across the calendar would be best, maybe marked on its line with "Brew/Primary" "Secondary" "Bottle/Keg" ETC would be best.
As a small side note is there some way to display days of the week? I'm use to seeing that on a calendar. If it weren't for the whole "Does the week start on Sun or Mon" thing it wouldn't be a big deal. Anyhow if this isn't already there I'd love to see it as an option.